Mandate Research: Asset allocation - Equities - Drive for total returns could eclipse volatility. From: Pensions Week | Date: May 17, 2004 | COPYRIGHT 2004 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Unconstrained mandates are yet to establish themselves as a regular feature in UK pension fund portfolios, but the drive for total return products is set to promote these types of brief in the future.

For investment managers, unconstrained mandates give them the chance to prove their skills and abilities without being tied to a benchmark.

Investment consultant Hewitt Bacon & Woodrow found that of the 40 UK fund management firms it surveyed, 70 per cent believe...