UK - Somerset County Council pension fund has placed a £200m (US$392.6m) active fixed interest mandate out to re-tender.
He said there had already been considerable interest shown in the tender.
According to the pension fund's 2007 annual report, the scheme has some 19,000 active members. The fund's portfolio is spilt between equities, property and cash, but has little or no allocation to alternative assets.
Sweet said the fund had a "very, very small" holding in private equity - about £800,000 - and no allocation to hedge funds, but was hoping to place a more significant private equity mandate out to tender later this year.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.