UK – Oxfordshire County Council has put five mandates out to tender for management of its pension fund. The combined total of assets involved is 495 million pounds (772.5 million euros).

The five mandates out to tender are as follows:

- 145 million pound multi asset active investment mandate
- 105 million pound specialist UK equity active management mandate
- 145 million pound specialist global equity active management mandate
- 75 million pound active bond investment mandate
- 25 million pound property mandate

The deadline for receipt of tenders is 3 February 2003.

The local authority, based north west of London, will award the mandate based on the following criteria: quality of service; technical skills and ability; price; experience; and reputation, in descending order of priority.

Oxfordshire County Council was unavailable for comment.