Lothian Pension Scheme, Edinburgh, issued RFPs for an active global equities manager to run £180 million ($338 million) and an active European (ex-U.K.) equities manager to run £172 million, said Catriona McKenna, city council communications officer. European (ex-U.K.) equity managers Bank of Ireland and BlackRock currently manage £78 million and £94 million, respectively, for the £2 billion fund; their contracts will expire shortly; both were invited to rebid. Bank of Ireland also runs the global equities portfolio and can rebid for that mandate. The search is being conducted in part because of organizational changes at Bank of Ireland; further information was not available.
The RFPs are available on the website of the Official Journal of the European Community at www.ojec.com. Proposals for both searches are due Feb. 25; Ms. McKenna could not specify a timeframe for completion. Hymans Robertson is assisting.
