Royal County of Berkshire Pension Fund, Maidenhead, England, is seeking information on two possible new mandates for an emerging markets currency manager and for a tail-risk hedging manager, said Nick Greenwood, pension fund manager of the £1.3 billion ($2.1 billion) fund. It has not been decided how much each manager would run.
Fund officials would consider pooled or segregated emerging market currency strategies. Tail-risk hedging could include areas such as deflation, stagflation, currency devaluation and substantial falls in long-term interest rates and/or equities; however, other risks will be considered.
Firms must express interest by Nov. 3 and submit a proposal by Nov. 19. Fund officials will review proposals and possibly begin competitive searches later, Mr. Greenwood said. No timeline has been set.
The fund does not use an investment consultant. Questions should be directed to Mr. Greenwood at [email protected]