Northumberland County Council Pension Fund, Morpeth, England, plans to issue an RFP in the next few months for one or two active global equity managers to run a total of £80 million ($157 million), senior accountant Clare Gorman said.
The portfolio had been managed by Capital International, which was terminated due to performance, Ms. Gorman said. Simon Levell, Capital spokesman, declined to comment. Watson Wyatt Worldwide advised.
Pension fund officials at the £600 million pension fund plan to appoint new managers later this year.