The London Borough of Tower Hamlets Pension Fund issued an RFI for at least one manager to run a £130 million ($187 million) active bond mandate, according to Jim Ricketts, group accountant.
The £530 million fund is in the process of shifting its active bond strategy toward a heavier weighting in government bonds than its current portfolio, which has more exposure to corporate debt, Mr. Ricketts said. Aberdeen Asset Management, the manager for the active bond portfolio, is allowed to rebid.
Proposals are due March 18. A selection is expected in the second quarter.
Consultant Hymans Robertson is assisting. Further information can be obtained via e-mail at [email protected]
