SEARCHES AND HIRES

Kensington and Chelsea Pension Fund issues call for investment consultant

Royal Borough of Kensington and Chelsea Pension Fund, London, is searching for an investment consultant.

Documents filed with procurement website capitalEsourcing said the £841 million ($1.1 billion) pension fund is looking for an investment consultant to advise the fund committee on different asset classes, asset allocation and investment strategy, and to regularly monitor and report on money management performance. The consultant may also be required to provide recommendations on money managers, custodian and transition manager appointments and terminations; the undertaking of asset and liability modeling; the provision of advice on corporate governance, class action and socially responsible policies; and to attend committee meetings and provide training to committee members and officers.

The contract will run for three years, with the option of a two-year extension. Proposals are due May 3. A hiring date was not provided.

Hymans Robertson was listed as the pension fund's investment adviser in its latest annual report. Further details could not be learned by press time.

Details are available on the capitalEsourcing website.

Spokesmen for the pension fund could not be reached by press time.