Pension Protection Fund, London, issued an RFI for at least one manager to run a liability-driven investing overlay strategy to hedge interest and inflation risks for the entire fund, which has about £4 billion ($6 billion) in assets.
Insight Investment Management, the current LDI overlay manager, is invited to rebid, according to Colin McAlpine, the fund's contracts manager. Mercer is advising.
Proposals are due July 3. Appointments are expected at the end of the year.
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