UK - Aegon Asset Management has won the mandate to provide asset allocation services to Leicestershire County Council's £2bn pension scheme with a bespoke overlay facility.
The asset allocation service is run by Aegon Asset Management's multi-asset group, which is managed by its European head of multi-asset investing, Scott Jamieson. 
Norfolk County Council has awarded a £100m passive UK equity mandate to Legal & General Investment Management to be based on the FTSE All-Share index.
The original mandate required the appointed manager to pay for the set-up and ongoing costs associated with the independent performance measurement of the funds, and to vote the mandate's underlying holdings in accordance with the council's voting policy.
Flintshire County Council is seeking tenders for a pooled, unconstrained, global equity mandate of approximately £45m on behalf of Clwyd Pension Fund.

The council will consider any form of high-alpha investment style (index or absolute-return based), including special situations and long/short.

The mandate represents 5% of the fund.
A second tender announced by Flintshire is for a £170m mandate for passive equities in the UK, US, Europe and Japan, representing 19% of the Clwyd fund.
The appointed manager should be available on a call-off basis to provide indexation services in other equity markets, such as emerging markets and Far East excluding Japan, fixed interest and possibly commodities.
London-based Bfinance is managing both tenders.
In a separate contract notice, Flintshire is seeking one or more pooled, multi-asset, investment managers to provide additional return to 6% of the Clwyd Pension Fund through their asset allocation abilities.
Candidates are expected to come from a wide range of potential strategies, including dynamic asset allocation, global macro, macro funds of funds or an appropriate absolute-return basis, with a lower volatility than that of a traditional equity mandate.
Tenders are to be submitted by 10 November.

For further information, contact JLT Actuaries and Consultants' Manchester office.