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Evli wins large asset management mandate from City of Espoo
Evli Bank has been awarded a 60 million euro asset management mandate by the City of Espoo, Finland. A total of 23 asset managers submitted tenders in a process that began in January 2008.
According to the City of Espoo's investment guidelines, approximately 40 percent of the assets will be invested in equity funds, 50 percent in fixed income funds and the remainder in alternative investments, such as hedge funds.
Additional information:
Timo Hovi, Evli Bank Plc, +358 9 4766 9306
Jari Sevón, Evli Bank Plc, +358 9 4766 9996