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NEW STRATEGY: New pension fund starts looking for managers to run $1.3 billion.

Publication: Pensions & Investments
Publication Date: 03-FEB-03 		Format: Online - approximately 827 words
Delivery: Immediate Online Access
Full Article Title: NEW STRATEGY: New pension fund starts looking for managers to run $1.3 billion.(Bedrijfstakpensioenfonds Metalektro)

Article Excerpt
Byline: Beatrix Payne

SCHIPHOL, Netherlands - The e11.7 billion ($12.7 billion) Dutch pension plan Bedrijfstakpensioenfonds Metalektro, or PME, is searching for managers to run emerging market debt and high-yield mandates together worth e1.2 billion, or about 10% of total assets.

Roland Van Den Brink, PME managing director, said he hopes to appoint managers by July and now is talking with candidates.

The plan, based in the Amsterdam suburb of Schiphol, will allocate about e580 million to each new asset class, but details of the individual mandates were not available. The new portfolios will be funded from reduced exposure to European government bonds.

The plan is also looking to appoint a manager by July to run a socially responsible e100 million European equity mandate....

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