mast image

Impact Investing

IPE special report May 2018

Sections

CIE names replacements for AIB on e1.2bn mandate

IRELAND – The €1.2bn pension fund of the Irish state public transport company, Coras Iompair Eireann (CIE) has appointed Irish Life, Capital International and Bank Of Ireland Asset Management to each run a €400m global balanced mandate.

Irish Life will run its mandate on a passive basis whilst Capital and BIAM will run active mandates. No other details are available except that the appointments are expected to last between three and five years.

The fund had originally intended to split the fund, that was formerly run exclusively by AIB Investment Managers, into two €600m mandates but decided to split it three ways on the strength of the presentations it viewed during a series of beauty parades.

The CIE pension fund currently has 8,300 members, 6,000 pensioners and 590 deferred pensioners.




Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2435

    Asset class: CLOs.
    Asset region: Global.
    Size: USD 50m.
    Closing date: 2018-05-22.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

Begin Your Search Here