Avon Pension Fund, Keynsham, England, is searching for an unconstrained active global equity manager to run about £140 million ($204.8 million), said Matt Betts, assistant investment manager at the £2.5 billion fund.
Funding will come from reducing BlackRock’s allocation to about £1.3 billion; BlackRock runs various passive bond and equity mandates for the fund.
Proposals are due Aug. 9. A selection is expected in December. JLT Benefit Solutions, the fund’s investment consultant, is assisting in the search. For more information, contact Tessa Page, JLT senior investment consultancy analyst, at [email protected]