Avon Pension Fund, Keynsham, England, reissued an RFI for a manager to run an active currency overlay for the fund’s overseas equity portfolio, which is valued at about £500 million ($774 million).
The search was canceled earlier this month because of technical factors, said Matt Betts, assistant investment manager for the £2.5 billion fund.
Proposals are due Jan. 25, and a manager is expected to be appointed in the second quarter of 2011. Consultant Jardine Lloyd Thompson Group is advising. Further information can be obtained at http://www.supplyingthesouthwest.org.uk.