UK - The £670m Bedfordshire County Council Pension Fund is looking for a fund manager to run a fixed income mandate worth up to £75m.
The scheme – which is reviewing its fixed income investments and the asset managers that run them – is considering putting the discretionary mandate out to tender.
The prospective manager will be placed on an annual, renewable contract.
Fund managers will be required to provide details of their corporate structure and ownership, the total market value of both their total assets under management at December 31, 2002 and similar bond mandates run for other local authority pension fund clients.
They will also need to provide performance data for at least each of the last 24 quarterly periods.
Bedfordshire’s existing fund managers are:
- Henderson Global Investors, which manages the UK equity and global fixed income mandates.- Bank of Ireland Asset Management – active overseas equities.- Barclays Global Investors, which runs the passive multi-asset portfolio.- ING Real Estate Investment Management and Lend Lease Real
Estate Investments which manage property portfolios for scheme.
Interested parties should contact the scheme’s consultant, Watson Wyatt.
Deadline for interested parties is June 13.
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