UK - The £1bn Environment Agency Pension Fund is looking to hire a transition manager to assist it with implementing changes to its investment strategy.
Under its previous investment structure, the scheme had two balanced active mandates, a passive brief and a passive multi-asset portfolio.
These mandates were run by Deutsche Asset Management, Henderson Global Investors, Legal & General Investment Management and Merrill Lynch Investment Managers.
However, the Environment Agency has decided to move to a more specialist set-up consisting of one passive multi-asset manager, one specialist active bond manager, four specialist equity managers, a property and a private equity manager.
Although it declined to give any further details about the changes, the scheme is looking to hire a transition manager to assist it with the moves. Interested parties can contact the scheme on 01454 624051 or by email [email protected]
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