UK - Lincolnshire County Council is tendering for an investment manager to look after its £120m global equities portfolio.
The portfolio excludes UK equities and the manager will be required to conduct enhanced index tracking, the council said.
According to the tender notice, the aim is to “achieve an investment return better than the relevant index with limited volatility”.
Deadline for tender is November 19.
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.
Asset managers failing to 'fulfil purpose'; Industry needs focus on systemic risk and a 'do no harm' Hippocratic Oath for practitioners
The asset management industry is failing to fulfil its purpose because of an overreliance on modern portfolio theory, which has not evolved to meet current challenges, latest research claims.
Stewart Bevan explains why the pensions industry needs to stop ignoring the benefits of PenTech and look at the positives it has to offer.