VIA Rail Canada, Montreal, has narrowed its search for hedge fund managers to six candidates, the names of which have not been disclosed. The C$1.45 billion (U.S.$977 million) defined benefit plan expects to place C$25 million in the asset class, said Chris Caswell, director of corporate financial services. Funding will come from a reduction in exposure to U.S. and EAFE equities. A decision is expected in September.
Mercer is assisting.