The $3.2 billion East Sussex County Council in the UK is looking for a number of unconstrained global equity managers.
The scheme will consider a wide range of investment styles and vehicles as it looks to broaden the alpha-seeking opportunities available in its equity allocation.
The investment objective will be substantial outperformance of the MSCI AC World Index – with a guideline target of +2.5% to + 4% per annum measured over rolling three-year periods.
The size of the total mandate is expected to lie in the $121 million to $202 million range. Single or multiple