LGPS Central, Wolverhampton, England, is searching for global active equity managers to run about £2.5 billion ($3.5 billion) in assets.
The asset pool of nine local government pension scheme funds in England, representing about £40 billion in total assets, wants managers that show a consistent, robust and repeatable investment process; that responsible investment is at the heart of the process; a concentrated portfolio; and low, fully transparent costs, according to the RFP. Managers also need to provide full transparency to the pool's operating custodian, said a notice filed on the City of Wolverhampton Council's procurement website.
Further information on the search could not be learned by press time.
The contract will start Oct. 1, running to Feb. 28, 2029. Proposals are due April 4.
The pool is made up of the pension funds of Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Staffordshire, Shropshire, West Midlands and Worcestershire councils, as well as the West Midlands Integrated Transport Authority fund.
A spokeswoman was not immediately available to comment.