Merseyside Pension Fund is looking for new passive equity and bond managers to expand its investing policy, Global Pensions reports. The £4 billion fund is seeking one or more managers for its £576 million U.K. Index Linked Gilt fund, 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. Consultant Aon Hewitt is helping the fund with the manager search.
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