National Treasury Management Agency, Dublin, is searching for managers for the 7 billion euro ($5.98 billion) Irish National Pensions Reserve Fund, said Deborah Reidy, head of investment manager selection.
The 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 Japanese equity portfolios totaling 300 million euros.
The single-manager mandates are: 350 million euros in enhanced indexed 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.
The agency is posting RFPs on its website, www.NTMA.ie, and asking money managers to submit proposals through the site by Aug. 13. Selections will be made by the end of November.
The agency also is looking for a transition manager for the funds total assets. Proposals should be made directly to the NTMA by Aug. 16, Ms. Reidy said.