AUSTRIA - State Street Global Advisors (SSgA) has won a EUR15m fund of fund equities mandate from BVP Pensionskassen, the EUR985m Austrian multi-employer fund.
Michaela Attermeyer, investment controller at the fund, said that funding for SSgA's mandate will come from a rebalancing of its equities and bonds portfolios. SSgA currently manages EUR20m in an index fund for BVP. Swiss firm ECOFIN advised the fund.
Additionally, Attermeyer said that the fund may tender for new managers shortly. Although she declined to add any further details, she said that a decision on whether or not to tender would be made by March.
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