BELGIUM - Belgacom, the Belgian telecommunications operator, has put off appointing a manager to run a EUR170m European real estate mandate until its next board meeting, Fabian de Bilderling, senior investment officer, said.
Originally, the EUR3.5bn fund was to have appointed a real estate investment manager and a corporate bond manager simultaneously. However, due to personnel changes at the fund, the fund decided it would be best to delay the real estate tender and proceed with the fixed income appointment.
De Bilderling went on to add that the winning manager will be selected from a shortlist comprising five investment managers from the UK and the Netherlands, with the majority coming from British shores. Due diligence is being carried out now, he said, and an appointment is expected towards the end of the second quarter.
Additionally, de Bilderling revealed that the fund is now finalising the appointment of a firm to run EUR170m in corporate bonds. Although he declined to add any further details as the contracts have yet to be finalised, he did say that the appointment would take place shortly.
By Geoffrey Ho
Despite improvements in investment manager attitudes towards responsible investment, research reveals there is a way to go before the majority deliver meaningful action. Victoria Ticha explores why
The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).
A model aimed at reducing climate change-related financial risk exposure from corporate credit assets has been launched by Insight Investment.
Universities Superannuation Scheme (USS) members should be responsible for most of the cost of increased contributions if the scheme's defined benefit (DB) section remains open to accrual, Pensions Buzz respondents say.