Lothian Pension Fund, Edinburgh, next week will issue an RFP for a manager to run an £80 million global equity portfolio. Trustees at the £1.8 billion ($2.6 billion) plan want to take advantage of global stock and sector selection opportunities, said Colin Hay, principal investment officer.
The plan already uses specialist regional money managers for its U.S., European, Far East and emerging market equity mandates.
Hymans Robertson is advising.