The NPC intends to award seven new mandates in mid-May. Five of these are in equities, including core active and satellite strategies, and will average $100 million each. The two global fixed-income mandates are said to be larger.
Both Mercer Investment Consulting and Watson Wyatt have assisted the NPC draw up a short list of fund management companies for each investment style, but the NPC will make the final selection.
This third batch of international mandates follows a recent widening of the NPCÆs exposure...
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