Clwyd finds commodities and portable alpha managers

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UK - The £793m (€1.2bn) Clwyd Pension fund has awarded a commodities and a portable alpha mandate as part of a major fund restructuring.

Wellington Management Company will manage a £16.9m active commodities mandate.

Gottex Fund Management was chosen to create a £101.7m portable alpha portfolio.

The two appointments are the latest in a major revamp of the fund's portfolio.

Earlier this year Flintshire county council, which manages the pension fund, awarded two unconstrained equity mandates worth £145m to Investec and Stone Harbour, a £120m UK equities mandate to Standard Life and a £40m GTAA mandate to Barclays Global Investors.

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  • QN-2511

    Asset class: Commodities.
    Asset region: Global.
    Size: $10m.
    Closing date: 2019-02-25.

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