Lincolnshire County Council Pension Fund, Lincoln, England, has begun a search for a manager to run £100 million ($153 million) in a diversified alternatives portfolio, according to public procurement website Tenders Electronic Daily.
The search is part of a revamp of the £1 billion fund’s total portfolio, expanding its 5% allocation to private equity into a 15% allocation to diversified alternatives.
JLT Benefit Solutions is assisting in the search. Proposals are due May 21. Further information is available by contacting Jo Ray, the fund’s investment manager, at [email protected]
Separately, the fund hired Neptune Investment Management, Threadneedle Asset Management and Schroder Investment Management as active global equity managers, according to Tenders Electronic Daily. The fund began a search in August for at least one global equity manager to run a total of £200 million. JLT assisted.
Ms. Ray was out of the office and unavailable for further information.