mast image

Special Report

Impact investing

Sections

Three UK LAs tender mandates totalling €400m

Related Categories

UK - Three local authority pension funds in the UK are tendering almost £400m (€550m) in Asia Pacific, global and UK unconstrained equity mandates.

At the €914.6m Cardiff & Vale of Glamorgan Pension Fund, investment manager Schroders has come under review, having managed the fund's £32.5m Japan and £32.5m Asia Pacific ex-Japan portfolios for the past four years.

A spokesman for the scheme, which is being advised by consultant Bfinance, said that after four years it was a "good time" review the portfolios. Schroders has already been asked to re-tender.

The fund is looking to appoint one ore more managers, who have up to November 30 to apply for the two mandates.

The fund said that for the two mandates (using the FTSE Japan and All world Asia Pacific ex-Japan benchmarks respectively, with targeted out-performance of 2 to 3% (net) over rolling three year periods), pooled or segregated accounts  could be considered. For the Japan equities portfolio core, growth and value submissions are welcomed, in addition.

The second fund to tender, the €1.15bn Suffolk County Council Pension Fund, advised by consultancy firm Hymans Robertson, is looking for an investment manager for a global equity mandate.

The mandate will be between a minimum of 10% and a maximum of 20% of the fund's value, equivalent to about £115m and £230m respectively, a spokesman for the fund said.

The largest scheme of the group, which is also advised by Bfinance, the €2.37bn Bath & North East Somerset Council Avon Pension Fund, seeks an investment manager for its new £100m UK unconstrained equity portfolio, a spokeswoman said.

Also the Avon Pension Fund tender has a time-limit for tenderers to send in requests to participate until November 30. At Suffolk county council tenderers have until December 6.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<