SCOTLAND - The £280m Dumfries and Galloway Council Superannuation Fund is on the verge on completing an asset liability study which could herald changes to its current investment and custodian arrangements.
Sector Treasury Services - which is conducting the ALS - is due to present the results to the fund very shortly. Any tender notices will be placed in June.
Dumfries and Galloway employs Deutsche Asset Management as sole manager of a balanced portfolio. Deutsche Bank is custodian.
The fund said that one outcome of the review “might” be a move to a more specialist investment strategy, and was adamant that Deutsche’s performance was not an issue.
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