DENMARK - Danish pensions administrator SAM Pension will in February tender high yield bond mandates worth EUR110m to be split equally between two managers.
The money will be allocated from bond portfolios currently run internally. SAM Pension manages nearly EUR9bn in assets.
Neils Hougaard, head of investments in Valby, declined to discuss the criteria for the manager searches.
In addition, SAM Pension has delayed its EUR95m search for a US private equity fund of funds manager. An appointment is now expected Q3 2002.
It has also said it may tender for a EUR70m small cap equity manager and EUR70m emerging markets manager in 2003.
By Luke Clancy
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There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
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