The £330m (€529.3m) pension fund of the UK's London Borough of Newham is tendering a private equity fund-of-funds mandate worth between 1.5%-4.5% of its assets.

The portfolio, worth between £5m and £15m, is the second equity mandate tendered by a UK pension fund in the last two weeks.

Second UK pension fund tenders private equity mandate

Maha Khan

Legal & General

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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US law firm hires private equity specialist from key client

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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