Irelands National Pensions Reserve Fund, Dublin, plans to search in late June for a consultant to assist in investment management research, said Deborah Reidy, the funds head of investment manager selection.
The 7 billion euro ($6.25 billion) plan hired William M. Mercer as an investment strategy consultant and also expects to hire another consultant to advise on hiring a global custodian, said Ms. Reidy. The fund has two finalists, and a decision is expected within the next few days. Paul Sullivan, director for risk and financial management for the fund, could not be reached for comment by press time.
Mercer has until June 15 to draw up proposals on the investment strategy and asset allocation for the fund. Manager searches are likely to result, but not until late September or early October, added Ms. Reidy.