UK – The £400m (€587m) Harrow Pension Fund has tendered around £20m in private equity and £150m in currency overlay.

Harrow Council in Middlesex northwest of London said it was tendering a mandate for “specialist active/passive currency overlay management” for the fund.

“The mandate will be for a notional portfolio of approximately £150m.”

And it has also tendered “a series of commitments in the region of 5% of the Harrow Pension Fund, equivalent to approximately £20m”. It anticipates using a fund of funds approach.

Between five and 12 managers will be invited to tender or participate for both briefs.

It is being assisted and advised on both tenders by consulting firm Hymans Robertson.

For both it is seeking the “most economically advantageous tender”. The deadline for receipt of tenders or requests to participate is June 26.

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