Shropshire Pension Seeks Funds Of Funds To Replace Man

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of