The EUR3.5bn Belgacom pension fund is conducting a new asset-liability study with the results expected by the end of June.
The fund for the Belgian telecommunications giant began a study in February following a “significant contribution” in 2000 of EUR670m according to Vincent Lantin, who holds responsibility for risk management for the Brussels-based fund.
The study is an update of a separate review last year.
Initially the fund was set to tender a EUR300m global equities mandate however Lantin said that a decision on the type of mandate would now follow the outcome of the review. He did not rule out the possibility of additional briefs being tendered.
Currently the funds strategic allocation is divided equally between global equities and European fixed-income.
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