National Treasury Management Agency, Dublin, is searching for several managers for the 7 billion euro ($5.98 billion) Irish National Pensions Reserve Fund, said Deborah Reidy, head of investment manager selection.
The single-manager mandates are: 350 million euros in enhanced index U.S. equities; 300 million euros in active U.S. growth equities; 300 million euros in active U.S. value equities; 350 million euros in an active Eurozone long-bond portfolio benchmarked to the Merrill Lynch EMU Direct Government Bond index 10+ years, excluding Ireland; and 90 million euros in active Pacific Basin ex-Japan equities.
Multimanager mandates are: one or more Eurozone equity index portfolios, totaling around 2 billion euros; one or two U.S. index equity portfolios, totaling 625 million euros; two active global equity portfolios, each at 350 million euros; three active pan-European core equity mandates, each at 300 million euros; and one or two active Japan equity portfolios totaling 300 million euros.
Selections will be made by the end of the November. IPEQuest, an online money manager search engine, assisted the NTMA in setting up its web-based platform for processing proposals.
The agency also is looking for a transition manager for the funds total assets, Ms. Reidy said.