Shropshire County Pension Fund, Shrewsbury, England, is searching for at least one active global bond manager to run £57 million ($87.6 million), confirmed Graham Chidlow, head of finance for the £750 million fund.
Funding will come from terminating Aberdeen Fund Management, which ran a similar-size active U.K. bond portfolio; a review showed there are more opportunities in the global arena, Mr. Chidlow said. Aberdeen can rebid.
Responses are due Jan. 6, with a selection expected by May. Questions should be directed to Mr. Chidlow at [email protected]
Russell Investments is assisting.