BELGIUM - Following a meeting of its investment committee the EUR3.5bn Belgacom pension fund has decided to tender two new portfolios.
The fund for the Belgian telecommunications giant is seeking managers for a near EUR175m real estate brief and an undisclosed corporate bond portfolio.
In April IPN exclusively revealed that Belgacom was set to conduct a new asset-liability study following an additional contribution of EUR670m to the fund. At the time Belgacom’s strategic allocation was split 50/50 between global equities and European fixed income.
It is understood that details of a move into a hedge fund of funds are still being considered.
Deadline for applications is the beginning of October.
By Madhu Kalia
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