Merseyside Seeks £1.34B Fund Managers

Merseyside Pension Fundis looking for new passive equity and bond managers to expand its investing policy,Global Pensionsreports. The £4 billion fund is seeking one or more managers for its £576 millionU.K. Index Linked Giltfund, its £384 million U.K. equity fund and its £384 million North American equity fund.

The selected managers will manage the funds on a passive basis, which Merseyside will tie into the strategic allocation of its risk budget. ConsultantAon Hewittis helping the fund with the manager search.

Click here for the story fromGlobal Pensions.