Merseyside Pension Fund, Liverpool, England, is searching for a passive manager to run a combined £1.4 billion ($2.2 billion), according to Tenders Electronic Daily, a European procurement website.
The selected firm will run £600 million in U.K. index-linked gilts and £400 million each in U.K. and U.S. equities.
Mercer is assisting, according to the £4.8 billion pension fund's website.
Proposals are due Aug. 29. More information is available on Tenders' website.
Paddy Dowdall, investment manager at the pension fund, could not be reached for further information.