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Norfolk PF Seeks Currency Overlay Managers
The £2.1 billion Norfolk County Council Pension Fund of Norwich, U.K., is looking to appoint managers for an active currency hedging overlay strategy covering a $1.3 billion overseas equities portfolio.
The £2.1 billionNorfolk County Council Pension Fundof Norwich, U.K., is looking to appoint managers for an active currency hedging overlay strategy covering a $1.3 billion overseas equities portfolio,Pensions & Investmentsreports. ConsultantHymans Robertson LLPis assisting in the search process.
At present, the passive currency strategy is managed by the fund’s global custodianNorthern Trust, which can bid for the mandate. Interested candidates are required to submit their proposals by November 7. The managers are expected to be selected in early 2012.
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