East Riding of Yorkshire Pension Plan, Beverley, England, with £1.3 billion ($1.8 billion) in assets, is searching for international equity managers to run a total of £200 million. Funding will come from terminated manager Schroder, which handled £266 million in international equities and £230 million in U.K. equities. Plan officials would not comment on the termination.
Tom Du Boulay, plan spokesman, said some of the equity assets will be managed internally; the plan already manages a large proportion of assets internally. He would not give further details.
Steve Button, head of finance services for the plan, said an RFP has been issued, but he would not comment further. Interested managers can contact Mr. Button for further information.