Northern Ireland Local Government Officers’ Superannuation Committee, Belfast, selected Edinburgh Partners to run £200 million ($316 million) in active global equities, said Deane Morrice, CEO and secretary for the £3.6 billion fund.
Funding came from reducing a passive global equity mandate run by Legal & General Investment Management to about £600 million. The move was made to get back into active management, Mr. Morrice said.
Aon Hewitt assisted in a search that began in January.
