Merseyside Pension Fund, Liverpool, England, issued an RFP for managers to run two unconstrained U.K. bond portfolios estimated at about £160 million ($225 million) each, according to an ad on Tenders Electronic Daily, a European public procurement platform.
Peter Wallach, head of the £3.7 billion pension fund, could not be reached for comment by press time. A source said funding will come from bond portfolios totaling about £1 billion managed by Schroders Investment Management and Legal & General Investment Management. The two contracts expire this year.
RFPs are due March 23. Hymans Robertson is advising. More information can be found by e-mail to [email protected] or [email protected]
