The pension fund for the Swiss Federal Railways (SBB) is seeking to award a €250 million emerging markets equity mandate, IPE reports. The funds will be secured from a €913.75 million state subsidy allocated to the pension fund.
The fund intends to begin investing in emerging market equities from 2012 and will tender the mandate with the help of IPE Quest, a manager search facility. The move follows SBB’s 0.6 percent return for the first half of 2011, an outperformance against the benchmark’s loss of 0.2 percent.
Click here for the story from IPE.