South Yorkshire Pension Fund, South Yorkshire, is searching for a manager to run about £250 million in a buy-and-maintain credit strategy, according to an announcement posted on European procurement website Tenders Electronic Daily.
The £5.6 billion ($8.7 billion) pension fund’s search is being conducted by Mercer, on behalf of the South Yorkshire Pensions Authority, which administers the pension fund.
The allocation should focus on sterling-denominated credit, although an allocation to major overseas markets might be considered with hedges back to sterling.
Further information is available at website. Proposals are due Feb. 9.
Executives at the pension fund and Mercer could not be reached by press time.