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
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.