UK - The £1.45bn (US$2.89bn) Royal County of Berkshire Pension Fund has placed mandates for infrastructure and emerging market debt worth in the region of £160m out to tender.
The tender brief of the emerging market debt said the currency exposure should be hedged into sterling.
In both cases, the exact size of the allocation may change as would be "determined in light or market conditions at the time of the award of the contract".
Both mandates would also run for three years, with an option to extend for a further three, subject to performance.
It is likely the allocations to infrastructure and emerging market debt would be new, as there was no mention of allocations to these asset classes in the fund's latest actuarial valuation in 2007.
The valuation, carried out by actuaries Barnett Waddingham, showed 42% of the scheme's assets were in UK equities, 22% were in overseas equities, the fund had 10% in property and 8% in unit trusts.
The Berkshire fund was unavailable for comment as GLobal Pensions went to press.
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