Pensions fund mandate for AXA

THE National Pensions Reserve Fund (NPRF) has awarded AXA Rosenberg a mandate to manage €80 million in assets.

AXA Rosenberg will manage Europe, Australasia, Far East EFAE small cap equities for the NPRF.

The NPRF said the award of the mandate has enabled the fund to complete the funding of its small cap equity allocation bringing it up to 4% in line with its target strategic asset allocation.