| London Borough of Islington Pension hunts for active overseas managers |
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| 09/03/2008 | |
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The £709m London Borough of Islington Pension Fund is looking for active overseas managers to oversee a £200-250m mandate. The closing date is April 14, according to MandateWire. The £475m London Borough of Hammersmith & Fulham Superannuation Fund has tendered a dynamic asset allocation mandate worth £120m, notes OJEU/OJEC. The mandate has a target return of 4% in excess of UK 3-month LIBOR over a rolling 3-year basis, with 5-10% volatility. The closing date is April 14. The €21.2bn National Pension Reserve Fund (NPRF) is considering withdrawing all its investments in companies producing cluster bombs at the request of the Irish government. Arms firms could be dropped from NPRF's portfolio shortly, according to MandateWire. |
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