Kuntien Eläkevakuutus, the Local Government Pension Institution (LGPI), Finland's largest pension fund with €12.1bn ($12.7bn) in assets, is tendering an Asia Pacific equity mandate worth between €100m and €200m.
The portfolio will be an all-country ex Japan mandate and LGPI expects to appoint one or two managers to handle the portfolio. The new managers will be appointed by September this year and the deadline for submissions of interest is April 24.