A Swiss pension fund is using IPE Quest to search for an adviser for a multi-manager allocation in global long/short credit worth between $500-800m (in long/short credit worth between $500-800m.
According to the search QN-270, the adviser will be contracted for one year. After one year there will be a review of the strategy and the ongoing engagement of the adviser.
The deadline to participate in this search has been set for 13 August 5pm UK time.
The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email email@example.com.
UK Tate Galleries seeks DC pensions provider
In other news, Tate Galleries in the UK is exploring a defined contribution (DC) pensions arrangement.
Tate currently offers membership of the Principle Civil Service Pension Scheme, and NEST for casual workers, but would now like to explore a DC pension structure.
While the initial length of the contract is five years, it is intended that the contract will be extended and renewed throughout its lifespan owing to the unique nature of the contract as a long-term pension service, the notice disclosed.
Barnett Waddingham provides actuarial, investment and specialist bulk annuity advice to the company’s £1bn UK defined benefit (DB) pension scheme and helped secure all members’ benefits with a bulk annuity insurer in 2019, successfully de-risking the scheme seven years ahead of plan.