The Lothian Pension Fund is seeking almost 10 global equity managers, Professional Pensions reports. Only three managers will run 15% of a global equity mandate, amounting to £500 million. Each manager will run a mandate of £100-200 million.
The tender process will take six months to complete, with appointments expected in February. The global equity portfolio is seeking 3% a year above a global equity index, including developed and emerging markets.
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