Merseyside Pension Fund, Liverpool, England, is searching for transition managers for the £5.8 billion ($9.3 billion) pension fund.
Pension fund officials are looking to create a list of transition managers to be selected on an as-needed basis over the next four years, when “the fund will be reviewing various aspects of its investment arrangements, and as a result, expects to potentially make changes to its strategic asset allocation, and also potentially its stable of investment managers,” according to the RFP from the Wirral Borough Council, which oversees the pension fund.
The RFP is available on the website of regional procurement portal The Chest.
Proposals are due Nov. 4; a selection is expected before April 1.
Mercer is assisting, according to an official at the pension fund, who was unable to say which firms currently handle transition management for the fund.