Tuesday, 22 July 2014
Last updated 58 min ago
Jan 18 2013 | 12:02pm ET
A British public pension fund is looking for a fund or funds of hedge funds, likely to replace the Man Group.
The Shropshire County Pension Fund has issued a request for information for one or more managers to run about £55 million (US$88 million), Pensions & Investments reports. The pension said only that funding for the new mandate will come from the termination of an existing manager; Shropshire currently has just two fund of funds managers, Man and BlackRock. Man manages about £55 million, but BlackRock just £35 million.
In addition, the Shropshire pensions committee raised concerns about Man at their November meeting.
Interested managers have until Feb. 19 to submit proposals; information is available from consultant Aon Hewitt. A winner or winners are expected in August.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…