Meeting documents
Pension Fund Committee (DCC)
Monday 28 January 2008
Meeting: Pension Fund Committee (County Hall, Durham - Committee Room 2 - 28/01/2008 10:00:00 AM)
Item: A9 Award of Manager Mandates
| Report of Stuart Crowe, County Treasurer |
Introduction
1 This report informs Members of the award of the contracts for the Manager Mandates and the start of transition.
Background
2 The Committee has reviewed the investment structure of the Pension Fund and following detailed discussions agreed to change the asset allocations and the manager mandates.
3 Following a procurement process I can formally announce the award of the following:
| Mandate | Manager | Proportion of Fund |
 | | % |
| UK Equities | Blackrock | 19.2 |
| Conventional Bonds | Royal London | 20.0 |
| Global Equities | Edinburgh Partners | 28.8 |
| Broad Bonds | Alliance Bernstein | 16.0 |
| Dynamic Asset Allocation | Barings | 8.0 |
| Global Property | CBRE | 8.0 |
4 At the end of the meeting each of the Managers will be asked to give a 15 minute presentation outlining their organisation and their intended approach to operating their mandate.
Recommendation
5 Members are asked to note the report.
| Contact: Stuart Crowe Tel: 0191 383 3550 |
22nd January 2008
p/reports/ct05-08
Attachments