HK Housing Authority issues RFP for multi-asset mandate

The Hong Kong Housing Authority has issued a request for proposals (RFP) to fund management companies operating in the territory to pitch for a multi-asset mandate. The size of the mandate was not announced in the HKHA’s criteria. The institution had $7.2 billion of assets as of 2009. The HKHA says its cash and investment balance over the next four years will be in the range of HK$59-62 billion; at present half is managed externally. It is seeking a manager or set of managers to run a…