UK - The £483m Cardiff & Vale Glamorgan Pension Fund is looking at investing in private equity, according to a source at the fund.
The source said that currently, the fund was “sniffing around” the asset class. The source declined to reveal any further details.
Currently, the fund is looking for managers to run a £29m far east active equity mandate. An appointment is expected within the next six months. No consultant is being used in the process.
If a new manager is appointed to the Far East equity portfolio, it would spell the end for Invesco’s 10-year-old relationship with the fund. The fund put the Far East mandate out to tender following its decision to merge Invesco’s briefs into one mandate, a £17m Japanese equities portfolio and a £12m Asia brief.
By Geoffrey Ho
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