Just in time to be listed as a mandate for 2012, Hertfordshire County Council announced it has hired a new alternatives manager.
The contract, worth between £200m-£300m, has been awarded to Swiss fund management company LGT Capital Partners.
The manager will oversee the scheme's portfolio of alternative investments in a fiduciary-style mandate.
The £2.5bn scheme is said to move away from private equity and explore other investments such as infrastructure and timberland.
Hertfordshire said that LGT was hired on the basis that it had the most economically advantageous tender in terms of people, philosophy, its processes, corporate capability, fees and presentation.
First published 08.01.2013
azeevalkink@wilmington.co.uk
