BELGIUM - Belgian telecommunications operator Belgacom is close to completing its search for managers to run a total of EUR340m in mandates.
Philip Neyt, the fund’s director general, said that the fund is looking to have managers in place to run a real estate brief and a corporate bonds mandate before the end of the first quarter. The mandates are worth EUR170m apiece.
Neyt said that the fund had shortlisted five firms from a list of more than 30 asset managers to run the corporate bonds mandate, whilst 15 companies were shortlisted for the real estate brief.
Additionally, Neyt revealed that the fund is considering splitting the real estate brief between two of the shortlisted candidates. Should two of the finalists prove to be what Neyt called “a good mix” for the fund, then Belgacom might split the mandate between the two. If a similar situation arose regarding the corporate bonds mandate, then the fund might do the same for that brief.
By Geoffrey Ho
The master trust is investing directly in commodities for the first time and setting up its first segregated mandate. Stephanie Baxter looks at this step change
Unprecedented levels of provider consolidation means trustees must regularly monitor and assess security of members' assets, the Security of DC Assets Working Party has warned warns.
John Govett has been appointed chief executive of the single financial guidance body (SFGB), the Department for Work and Pensions (DWP) announced today.
The Competition and Markets Authority (CMA) will publish its provisional decision as to whether there are adverse effects on competition in the investment consultants market on the morning of 18 July.