Sainsbury's fund chooses Hogarth

Sainsbury's pension fund trustees have brought in the Hogarth Partnership to demonstrate that they are acting proactively during its potential takeover.

Private equity firms were mulling over a potential £11.4bn bid for the firm, and a promise of extra cash into the pension fund could make or break any future deal.

But the situation puts pressure on the trustees to convince members that they are acting in their best interests.

‘The brief is two-fold,' said Hogarth managing partner Chris Matthews who heads the account. ‘The trustees have to demonstrate proactivity as well as communicate with institutional shareholders and the Sainsbury ­family.'

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