NORWAY - Garantikassen for Fiskere, the NOK700m (e86.8m) industry wide pension fund for fisherman, has tendered its entire portfolio, comprised of bonds and domestic equities.
The tender for two managers to run two combined bond and equity briefs has followed on the back of a three-year evaluation review at the government-regulated fund. The mandates will be run along the same lines as they have been previously.
The exisiting managers each have mandates for 50% (NOK350m or e43.4m) of the total fund. Deadline for applications is 20 March 2006.
Caspar Holter, partner in pensions and finance at the fund, would not name the existing managers but said the fund was currently allocated 20% to equity and 80% to bonds.
By Lisa Haines
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