Institutional Investors

Croydon seeks GTAA manager and adviser

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The London Borough of Croydon pension fund is to issue an RFP for a manager to play a dual role, running a GTAA mandate as well as broader portfolio advisory services.

Not only will the manager be required to run $41 million as a specialised GTAA portfolio, it will also be responsible for advising the pensions committee of the entire pension fund, which has assets of $736 million, on tactical asset allocations.

This will involve helping the fund to decide on its overall weightings within equities, bonds, property, absolute return funds, private equity and cash - each weighting being