Pension fund management services

Tender description

The Hampshire Pension Fund was valued at 6 600 000 000 GBP 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 has appointed 2 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 3 and 5-year rolling periods. The mandate seeks 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 total value of the contracts awarded will depend on the value of investments under management but is estimated in the range of 12 800 000 GBP — 14 100 000 GBP over a 4-year period. This is the estimated value of fees due and not the value of the mandates awarded. The Hampshire Pension Fund was valued at 6 600 000 000 GBP 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 3 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 3 and 5-year rolling periods. The mandate seeks 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 total value of the contracts awarded will depend on the value of investments under management but is estimated in the range of 12 800 000 GBP - 14 100 000 GBP over a 4 year period. This is the estimated value of fees due and not the value of the mandates awarded.