Somerset County Council Pension Fund, Taunton, England, issued an RFI for a manager to run a £40 million ($61.6 million) active Asia-Pacific ex-Japan equity strategy, said Anton Sweet, funds and investments manager for the £1.36 billion pension fund.
Funding will come from terminating a similar portfolio managed by UBS Global Asset Management due to performance, Mr. Sweet said. A spokesman for UBS declined to comment.
Proposals are due June 7, and manager appointments are likely to be announced in the fourth quarter.
Somerset is not using a consultant for the search. Interested managers can contact the fund at [email protected]