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Rick Di Mascio and Graham Dixon were interviewed by David Grossman about the Transition Management industry, this was the second part of his four-part series. It was on BBC Radio 4, Episode 2, called How You Pay for the City. You can listen to it here.

Institutional investors such as pension funds are the most dominant force in world markets. But, asked David, how much do we know about the different intermediaries involved in managing our pensions and how much money they take for their work? What does the data about the dozens of funds in the Local Government Pension Scheme tell us about how all our pensions are being managed? He also investigated the role of the most important bank you’ve never heard of – the global custodian.

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