LGPS Central, Wolverhampton, England, will search for emerging markets managers to run £2 billion ($2.8 billion) allocation in the fall, Andrew Warwick-Thompson, CEO of LGPS Central, said in a news release.
Further information was not available. A spokesman for the £40 billion pool of nine U.K. local government pension plans could not be reached for comment.
This week, the Central pool opened its first three investment funds managing a combined £12 billion: passive global equity ex-U.K., passive U.K. equity and dividend growth factor equity.
The participating funds in LGPS Central are Cheshire; Derbyshire; Leicestershire; Nottinghamshire; Shropshire; Staffordshire; Worcestershire; West Midlands Pension Fund; and the West Midlands Integrated Transport Authority.