UK - The £550m (US$1bn) London Borough of Croydon pension fund has placed four separate mandates worth up to £500m out to tender, representing an almost entire restructuring of its portfolio.
The mandates include a £150m opportunistic bonds mandate, targeting a return of 1-2% above an unspecified benchmark, and a £250-300m global equity mandate, benchmarked against either MSCI or FTSE i...
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