Institutional Investors

London’s Barking and Dagenham issues $118m request for proposal

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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