London Borough of Barking & Dagenham Pension Fund is searching for an absolute-return manager to run £75 million ($118 million), confirmed Cameron McMullen, senior consultant at JLT Investment Consulting, which is assisting in the search.
This is a new allocation for the £569 million fund, Mr. McMullen said. He could not provide details on funding or why this strategy was chosen.
Proposals are due March 12, with a selection expected June 13. A copy of the RFP may be obtained by sending an e-mail to JLT at jltic[email protected].