The Greater Gwent (Torfaen) Pension Fund is seeking an active Japanese equity manager and an active diversified growth or diversified alternatives manager, Pensions & Investments reports. Both the active manager and the alternatives manager will be awarded a £50 million mandate each.
The £1.7 billion Welsh fund will convert its £50 million passive Japanese equity mandate, currently run by BlackRock, into an active one. Investment consultant Mercer, search consultant bfinance and independent consultant Mike Lewis will help with the searches.
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