In one of the largest placements of pension funds in the UK and Ireland this year, the Dublin Courts Service is tendering four investment portfolios totalling E760 million to be managed by one or more fund managers.
The portfolios will include equities, property, bonds and cash, and the appointed manager/s will provide four unitised funds with a pre-determined mix of these asset classes.
As the funds are currently tied up in investments, the new managers will not be given the E760 million straight away, but will receive it in stages.
Mercer Investment Advisors are acting as consultants to the Dublin Courts Service and the appointment process is expected to take some months. |
