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Railpen appoints Schroders for commodities

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Railpen, the investment manager for Railways Pension Trustee Company, has appointed Schroder NewFinance Capital to manage a mandate for its commodity portfolio.



An investment of over GBP80m (USD125m) has been made into the Opus Commodities Core Plus A Fund, a multi manager portfolio that aims to outperform a customised commodities benchmark through active trading strategies with a tracking error target.

Richard Moon, the investment manager responsible for the Railpen investment, says: “During the research process we considered both long only and hedge fund investing for our commodity requirements. We chose NewFinance Capital because we view this product as combining access to the best commodity managers in the world with a proven overlay.” 

David Mooney (pictured), head of commodities at NewFinance Capital, adds: “Railpen is a highly respected organisation and we are delighted that they have chosen our commodities investment capability for their portfolio.”

Mooney joined NFC in 2005 and launched the Opus Commodities Core Plus A Fund in 2007. The fund invests in agriculture, livestock, energy, industrial and precious metals.

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