University of Bristol wants OCIO for pension fund

The University of Bristol Pension and Assurance Scheme, Bristol, England, is searching for a fiduciary manager.

A notice on the university's procurement website said the trustees of the £300 million ($372 million) pension fund have decided to appoint an outsourced CIO provider “with the intention of identifying and awarding a contract to the most economically advantageous tender.”

It couldn't be learned by press time what current consultant or OCIO provider the university uses.

The chosen firm will provide full fiduciary management service to the trustees, with it deciding on, overseeing, executing or advising on issues such as strategic asset allocation, tactical asset allocation, hedging strategy implementation, manager selection, asset class selection and portfolio construction.

The provider may also be called on to manage liquidity, provide fund reporting, trustee education, portfolio implementation, strategic objectives, risk budget, constraints and hedging strategy design.

Proposals are due April 24. A hiring date was not provided. The RFP is available on the university's website.

Spokesmen for the university could not be reached for comment by press time.