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
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
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