The Flintshire County Council pension fund is in discussions about making its first frontier allocations, Mena FM can reveal. The frontier allocation will be valued at approximately 1% of the fund’s £969m ($1.5bn) AUM, according to the fund’s investment manager Debbie Fielder.
Fielder told Mena FM that the pension fund is currently conducting a search for potential frontier managers, but added that it is still open to ideas. The fund already invests up to 20% in emerging markets, and implemented an increase from 4-7% in its active emerging market allocations on 1 April. The remaining
13% is made up of property and private equity investments.
Strategy reviews of its investment portfolio take place trianually and the last one was carried out approximately six months ago.
