Belgacom Pension Plan, Brussels, is searching for two managers, one to run 180 million euros ($161 million) in global corporate bonds and one to handle a 170 million euro Euro-zone indirect property portfolio, said Willem van Impe, chief investment officer. Proposals are due Oct. 2, site visits will be organized in October and November, and selections likely will be made by the end of the year, Mr. van Impe said.
The 139.5 billion Belgian franc ($3.1 billion) plan will fund the portfolios with new contributions, now managed in an equity overlay portfolio by Barclays Global Investors.
Plan executives also are considering a search for a fund-of-hedge-funds manager, he added. If trustees approve, a search will be conducted early next year.
