Standard Life Investments wins £120m Taylor Wimpey Mandate

Leading fund manager, Standard Life Investments today announced its appointment by Taylor Wimpey, the UK house builder, to manage a segregated UK Equity portfolio valued at over £120m.

Euan Stirling, Investment Director, UK Equities at Standard Life Investments will manage the portfolio which will aim to outperform the FTSE All Share Index by 2% pa. The appointment follows a comprehensive tendering and evaluation process which began in August 2006, involving a number of investment houses. During the appointment process, Taylor Wimpey was advised by global provider of consulting, outsourcing and investment services, Mercer.