The £850m West Sussex County Council Superannuation Fund has put a £40m alternative fund-of-funds mandate up for tender.
Rosemary Burfoot, group accountant at the fund, said that the deadline for expressions of interest is August 10, 2001. Formal proposals are to be received by August 23, with an appointment scheduled for December.
Burfoot added that the mandate would cover a range of alternative investment products, such as private equity, hedge funds and buyout funds. Additionally, Burfoot revealed that the fund is about to conduct a best value review. The review is expected to finish in the first quarter of 2002.
By Geoffrey Ho
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers