Institutional Investors Mandates & RFPs

Powys Council makes first move


The $458 million Powys County Council Pension Fund has issued an RFP for one or more hedge fund of funds managers to run a mandate of around $24 million, or roughly 4% of assets.

It is possible the mandate may be split between more than one fund of funds.

The move comes following the Llandrindod, Wales-based plan's decision in summer 2009 to move into the asset class, which came in the wake of the appointment of Hewitt Associates as the fund's new investment consultant at the turn of the year, replacing