Royal Borough of Greenwich Pension Fund, London, is searching for a single manager to run a £400 million ($609.9 million) passive equity allocation.
The £1.06 billion pension fund said in a notice filed with European procurement website Tenders Electronic Daily that the allocation will be split between tracking broad U.K. and global market-cap-weighted indexes, such as the FTSE All-Share and FTSE All-World, and a broad fundamentally weighted global equity index, such as the FTSE RAFI 3000.
The deadline for applications is Dec. 16. Further information is available from the TED website.
The pension fund’s latest annual report showed that as of March 31, BlackRock ran a 45.06% allocation to passive global equities.
Spokesmen at the pension fund were not available to comment by press time.