Dorset seeks active currency manager
UK - Dorset County Council pension fund has invited applications for a manager to run an active currency mandate. The fund has allocated £35m, representing 2% of the portfolio, for the allocation.
A spokesperson for the £1.4bn fund explained it has used a 50% passive hedge for the last two years. “An active allocation was the next step on from the passive hedge, it was topical in every committee...
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