Enfield tenders £15m infrastructure mandate
UK - The London Borough of Enfield is tendering a £15m (€22m) infrastructure mandate for its £500m pension fund.
The scheme, advised by Hewitt, is looking for “the most economically advantageous tender”. No information on the length of the contract or expected returns within the mandate are given in the tender notice.
Both Pension fund manager Paul Reddaway and Hewitt did not want to comment on the contract prior to the issuing of a press release “in due course”.
In June Enfield tendered for active unconstrained global equity managers to manage 25% of the total”.
Deadline for participation in the tender is 14 December.