London Borough of Havering Pension Fund is searching for managers to be placed on a preapproved list of firms to run up to £70 million ($115 million) in active unconstrained global equities, according to the RFP.
A framework agreement to select the managers is expected to be created by the £388 million plan, according to the RFP on the website of Tenders Electronic Daily, http://ted.europa.eu/udl?uri=TED:NOTICE:250041-2011:TEXT:EN:HTML&src=0. Performance is expected to exceed the MSCI ACWI by 250 to 400 basis points annually over rolling three-year periods.
Proposals are due Sept. 7. Further information is available by sending an e-mail to investment consultant Hymans Robertson at [email protected]
The funding source could not be learned. Corporate finance manager Mike Board and accountant Debbie Ford were both out of the office and unable to be reached for more information.