UK - North Yorkshire County Council has placed two mandates out to tender, worth over £300m (US$589m).
As Global Pensions reported in March (www.globalpensions.com; 26 March 2008), North Yorkshire CC dropped BGI as investment manager for its global equities mandate because of concerns over disappointing results.
The equities mandate will run for 6six years, with the potential to be extended for a further three years.
The fund is divided 77% equities and 23% bonds, although it is not yet clear whether the allocation to property represents a new area for the scheme.
North Yorkshire CC was unavailable for comment.
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.