Milk Pension Fund, Daresbury, England, hired AXA Investment Managers to run £146 million ($261 million) in active U.K. fixed income, according to a news release. Aon Consulting assisted. No further information was available. Richard Thornton, pension fund manager and secretary, could not be reached for comment by press time. The plan has £273.7 million in assets, according to Pension Funds and their Advisers.