Belgacom Pension Plan, Brussels, is considering allocating money for a fund-of-hedge-funds manager, said Willem van Impe, chief investment officer. If trustees at the 139.5 billion Belgian franc ($3.1 billion) plan approve, a search will be conducted early next year.
The plan also 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 Mr. van Impe. Selections likely will be made by the end of the year.
Funding will come from new contributions, now managed in an equity overlay portfolio by Barclays Global Investors.