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.
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