Hampshire tenders advice on alternatives
UK - The £2.5bn (€3.7bn) Hampshire County Council Pension Fund is seeking advice on alternative investments. The tender follows an overhaul of the fund's management structure from multi-asset to specialist mandates.
Looking to allocate up to 10% of its assets to alternative investments over the medium term the fund is now seeking advice "including but not limited to private equity, hedge funds, commodities, indirect property vehicles and infrastructure funds", the tender states.
"The decision to invest in alternative investments was part of an overall assessment of the investment returns required by the Fund to meet its long term liabilities. The proposed allocation to alternative investments will contribute to those investment returns whilst helping to diversify risks," a spokeswoman for the fund told IPE.
She also said that the money for the allocation would come from the fund's "positive cashflow" from contributions and investment income.
The contract will be awarded for five year, with an option to be extended another five years. Deadline for participation is 13 December 2006.