Wales' Powys County Council Pension Fund is on the verge of reviewing its investment managers.
The move at the £165m Llandrindod Wells-based fund is part of a routine annual review, according to investment adviser John McNeil.
Powys’ current investment managers includes Barclays Global Investors which oversees 70% of the fund on passive basis (50% fixed-income; 20% equities). Baring Asset Management and Lombard Odier hold active mandates, each managing 15% of the total fund.
The review is due to take place towards the end of August.
The move is advised by Watson Wyatt.
*The fund is also reviewing actuaries Watson Wyatt as part of its first best value review. A decision as to whether to tender is expected by year end. Watson Wyatt is expected to reapply, said pension fund manager Joe Rollin.
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