UK – The South Yorkshire Pensions Authority is tendering two active bond mandates valued at 400 million pounds (574 million euros).

The two active bond mandates of 200 million pounds (287 million euros) each are presently managed by Henderson Global Investors and Lombard Odier. “We are re-tendering as part of a ‘best value review’, and we expect the incumbent managers to re-apply,” said John Hattersley, fund manager at the local council.

With regards to details of the mandate, Hattersley said that they are “composite and quite complicated, and therefore will be fully explained upon application”.

The bond segment accounts for around 18% of the entire fund, which is currently valued at 2.2 billion pounds (3.16 billion euros).

Applications must be received by July 28.