Shropshire Pension Seeks Funds Of Funds To Replace Man

Jan 18 2013 | 1:02pm 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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...