A curious thing happened in the sleepy English market town of Melksham, Wiltshire, last summer. The beautiful surroundings of the west country provided the backdrop to a decision by a small group of people which could yet have wide repercussions for one of the world’s largest banks.
On a sunny day in August, the trustees of a new pension fund, Cooper Avon Tyres, were deciding who to ask to handle their £75 million ($120 million) of assets.
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