NEST Corp., London, is searching for a Shariah-compliant global equity fund manager to provide an investment option for the U.K.’s nationwide defined contribution plan aimed at low- to middle-income workers, confirmed Heather Tilston, spokeswoman.
Active and passive managers will be considered.
The search is being managed internally, though an investment consultant will aid in the selection process. That consultant has not yet been selected, Ms. Tilston said.
Further information is available by sending an e-mail to Alexandra Snow, procurement support manager, at [email protected]
Proposals are due Feb. 4; a selection is expected in March.
The National Employment Savings Trust will open later this year.