The London Borough of Barking and Dagenham Pension Fund, based in Dagenham, east London, is looking for a manager to handle an absolute return mandate worth $118 million.
The $912 million pension fund is seeking a single multi-asset investment manager capable of boosting overall returns via asset allocation.
The remit within this definition is understood to be fairly wide, with a number of potential strategies under consideration: suggestions include dynamic asset allocation or appropriate absolute return strategies. These may include either derivatives or physical equities.
Over the long term the return target should