London Borough of Hillingdon Superannuation Fund, Uxbridge, England, hired Marathon Asset Management, Ruffer and Fauchier Partners to manage a multiasset portfolio valued at about £90 million ($137 million), according to an announcement on European public procurement website Tenders Electronic Daily.
James Lake, investment manager of the £450 million fund, could not be reached for comment on how the portfolio is being divided among the three managers. In a previous interview, he had said the portfolio aims “to produce equitylike returns with no greater than equity volatility.”
Funding came from terminating an active global equity strategy previously managed by Capital International.
The RFP was issued in 2009. Hymans Robertson advised.
