Belgacom, Belgium’s largest pension fund with assets of approximately E2.6bn has put out a tender for one or more global active equity managers.
The manager search for the E200m brief comes as a result of new money placed in the fund by the Belgian telecommunications group, which will allow the pension fund to increase its equity exposure to around 40% of total assets and obtain greater international diversification, according to William van Impe, general manager of the Belgacom fund.
Three to five managers are expected to be shortlisted before a final appointment is made later this year.