Institutional Investors Mandates & RFPs

NE Scotland ponders allocation following review

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The North East Scotland Pension Fund, formerly the Aberdeen City Council Pension Fund, is understood to be considering the issue of a mandate in the near future.

The $2.89 billion plan is likely to look to invest 7% of total fund assets or roughly $202 million in alternatives. It is unclear at this point exactly what form the allocation will take, but indications are it may look to a diversified fund of alternatives.

The allocation will be made with the help of the scheme’s consultant, Mercer. The move comes after a review of alternatives in the second half