Hedge Funds Institutional Investors

Cardiff and Glamorgan select for $58m mandate


Cardiff and Vale of Glamorgan Pension Fund has hired two fund managers to manage a $58 million mandate in active currency following a manager search by financial services consultancy bfinance.

The successful managers are Mesirow Financial Currency Management and Goldman Sachs Asset Management, which will split the mandate evenly. Richard Bettley, pensions manager at the Cardiff and Vale of Glamorgan Pension Fund said: "We have worked with bfinance on quite a number of searches because we like their approach and the transparent nature of the search process."

Michael Hart, director of business development UK & Ireland at bfinance,