Merseyside Pension Fund, Liverpool, England, issued an RFP for up to eight investment consultants in a preapproved panel to advise the £5 billion ($7.7 billion) fund on manager selection, said Owen Thorne, investment officer.
The current framework, which expires March 31, comprises Aon Hewitt, Hymans Robertson, bfinance and JLT Investment Consulting.
All except Aon Hewitt are invited to rebid. Aon Hewitt was hired by the pension fund earlier this year to advise on investment strategy and asset allocation; Merseyside’s policy is to separate those responsibilities and that of manager selection.
Proposals are due Jan. 30. Consultants are expected to be selected by March 31.
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