UK - Buckinghamshire County Council has appointed three new global equity managers for its £1.07bn (€1.14bn) pension fund, completing the search for investment managers announced in July 2008.
In the initial tender notice, the mandate was to manage assets valued at around £130m. However, in the contract award notice Buckinghamshire stated the global equity mandate is valued at around £80m.
The appointees were chosen from 11 submissions, and are Deutsche Asset Management, Investec Asset Management and Schroder Investment Management. This follows the recent appointments of Partners Group for an alternatives mandate and Royal London Asset Management for a £110m bonds mandate. (See earlier IPE articles: Buckinghamshire seeks three new managers; Partners Group wins Bucks alternatives mandate and Bucks appoints RLAM for bonds as Devon seeks actuary)
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