UK - The £775m Worcestershire County Council Pension Fund has released the size of some of its recently announced new mandates.
The fund is tendering several briefs following its adoption of a core-satellite investment approach.
Worcestershire is now looking for managers for a £215m specialist UK active equities portfolio, and a £70m specialist active equities brief covering the Americas. The deadline for rfps has also been extended to July 31.
The size of other mandates - specialist European active equities; specialist Far East active equities; passive UK, USA, and Europe equity, and a bond portfolio - will also be released shortly.
The fund is also tendering for a global custodian and is using an in-house adviser.
By Madhu Kalia
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.