Provision of Multi-Asset Credit Mandates for the Hampshire Pension Fund

Descriptions

The Hampshire pension fund was valued at 6 600 000 000 GBP at its last financial year end in March 2018 and has a strategic asset allocation to multi-asset credit of 10 %, which is a new addition to its investment strategy. The Pension fund will appoint a maximum of three investment managers to manage the multi-asset credit mandates. The overall mandate objective is to achieve a return of UK 3 month LIBOR plus 3-5 % per annum net of fees, over 3 and 5 year rolling periods. The mandate should seek to achieve its return objective by investing primarily in a portfolio of high yield fixed and floating rate corporate debt instruments issued by North American and European companies.