Provision of Multi-Asset Credit Mandates for the Hampshire Pension Fund

Tender description

The Hampshire Pension Fund was valued at £6.6bn at its last financial year end in March 2018 and has a strategic asset allocation to multi-asset credit of 10%, which is a new addition to its investment strategy. The Pension Fund will appoint a maximum of three investment managers to manage the multi-asset credit mandates. The overall mandate objective is to achieve a return of UK 3 month LIBOR plus 3-5% per annum net of fees, over three and five year rolling periods. The mandate should seek to achieve its return objective by investing primarily in a portfolio of high yield fixed and floating rate corporate debt instruments issued by North American and European companies. The Contract will commence on 1st November 2018 and will be for a period of five years. Interested parties should register their interest in the project via the In-Tend website https://in-tendhost.co.uk/hampshire, and complete and submit the tender return document together with any supporting information requested by 14.00 hrs on Monday 16th July 2018.