Not on radar: GMAM U.K. off to slow start with multimanager business; After 4 years, firm still faces problem with visibility, credibility.(World News)(General Motors Asset Management)

Pensions & Investments, August, 2004 by Mahmud, Shahnaz

Byline: Shahnaz Mahmud LUTON, England - General Motors Corp.'s U.K. asset management arm is off to a slow start in following its U.S. parent into the manager-of-managers business. General Motors Asset Management U.K has [pounds sterling]1.5 billion ($2 billion) in assets under management.

It first launched its third-party business - to oversee pension plan assets outside of the GM realm - in 2000. GMAM added two external plans in 2000 and two in 2001; two are from GM spinoffs. Andrew Duthie, chief operating officer, said the firm manages more than [pounds sterling]300 million for the four plans. The remainder is managed for 10 General Motors pension plans. Consultants say GMAM is not even on their radar screens. Paul Black, head of investment consulting...

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