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SSARIS, Liongate to help UK's Flintshire

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Flintshire County Council, lead authority for the $1.4 billion Clwyd pension fund, is thought to have appointed SSARIS and Liongate to split a mandate worth around $69 million. Each will run roughly 2.5% of the pension fund's total assets.

Based in Mold in Wales, the pension fund has invested for some time in funds of funds via a $33 million mandate which was split between Gottex Fund Management and Pioneer Alternative Investments. However, it is thought the new allocation will, in part, be funded by redemptions from at least one of these managers.

In addition, the fund has a