UK - Prudential M&G has come under review at the €1.432bn (£966m) Dorset County Council pension scheme.

Dorset is looking to appoint a manager for its £250m unconstrained fixed income portfolio, which is currently managed by the firm, the fund told IPE.

According to the scheme's investment manager, Nick Buckland, "one of the reasons" that the firm has come under review is because the contract has come to an end. But Prudential M&G is welcome to re-tender he added.

The scheme, which is seeking diversified sources of return and "indicative returns benchmark" of between 1.5% and 2% over 15-year gilts, said it was looking for one or two managers. The structure is segregated or pooled.

There is no minimum or maximum duration. "The contract entails the management of fixed income investments with a long term target," the council said.

Tenderers can send in requests to participate until 22 January next year to the fund's consultancy firm Bfinance.

Elsewhere it appeared that the €663m (£447.4m) London Borough of Haringey pension fund, advised by Hymans Robertson LLP, is seeking to appoint a manager for a new £29m private equity mandate.

The borough said "It is anticipated that the mandate(s) will be managed using a Fund of Funds approach."

It is the fund's first venture into private equity. Investment managers can tender until January 15 next year.

The awards will go to the most economically advantageous tender, both councils said.