Shropshire County Pension Fund , Shrewsbury, England, hired AXA...

Shropshire County Pension Fund, Shrewsbury, England, hired AXA Rosenberg Group to run £67 million ($123 million) in active European ex-UK equities, said AXA spokeswoman Wendy Sayer. Fund officials replaced the portfolio's previous manager, Merrill Lynch Investment Managers, after conducting a review, said Graham Chidlow, the head of finance for the £740 million fund. Mr. Chidlow wouldn't elaborate. MLIM spokeswoman Megan Frank couldn't immediately be reached for comment.