IRELAND - The e475m University College Dublin pension scheme has tendered for a global custodian as part of a wider review of the scheme's asset and manager structure.
The assets of the scheme are currently held in the name of the university but are expected to be transferred into a separate trust within the next twelve months.
The investment committee of the university scheme are in the midst of reviewing the scheme’s structure.
The scheme said the new asset structure is expected to include two or three equity managers managing about e300m, a property manager to oversee e35m and a pooled passive bond manager to cover e110m.
The tender is for global custody and possibly accounting services.
Deadline for tender is May 30, 2005.
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