Institutional Investors

UK’s Sutton begins search for absolute return strategies


Sutton pension fund, based in Surrey in the UK, is looking for a number of managers to handle absolute return mandates.

The $538.3 million scheme will look to appoint up to eight managers as it looks to establish what fund officials describe as a framework of multi-asset, predominantly long-only approaches, focusing on but not limited to mainstream asset classes.

It is expected that the preferred approaches will generate excess returns over three-month Sterling LIBOR by a significant margin – expected to be 3% per annum or higher.

The size of the individual mandates is expected to be between