Searches and Hires

University of Bristol signs Mercer as OCIO for pension plan

University of Bristol Pension and Assurance Scheme, Bristol, England, hired Mercer as its fiduciary manager, according to a notice on European procurement website Tenders Electronic Daily.

Mercer will provide strategic asset allocation, tactical asset allocation, hedging strategy implementation, manager selection, portfolio construction, liquidity management, fund reporting and trustee education to the £300 million ($398 million) pension fund for the staff of the University of Bristol.

Aon previously advised the pension fund on its investments and Willis Towers Watson provided actuarial services.

"The University of Bristol was instructed by the trustees of the (fund) to run a tender process with the intention of identifying and awarding a contract to the most economically advantageous tender," the notice said.

A spokesman could not be reached by press time to provide additional details.