London Borough of Hammersmith & Fulham Superannuation Fund issued an RFP for at least one manager to run £120 million ($238 million) in a dynamic asset allocation strategy, confirmed spokesman Jonathan Weisgard. Members of the funds investment panel wanted to diversify and move from passive to more active fund management in order to reduce risk, volatility and capture gains from movements in the market, according to the minutes of an investment panel meeting Sept. 24. Proposals are due April 14. Further information on the RFP can be obtained from consultant bfinance.
Mr. Weisgard was unable to provide funding information. According to a separate financial report posted on the £460 million funds website, Legal & General Investment Management runs a passive global multiasset portfolio for the fund, Goldman Sachs Asset Management handles an active bond portfolio, and MFS International manages active global ex-U.K. equities. Majedie Asset Management runs an active U.K. equity portfolio, according to the website.