UK - The £4.3bn (US$8.45bn) Merseyside Pension Fund has placed over 10% of its assets out to tender in unconstrained UK equities strategies, including 130/30 and portable alpha.
The tender has called for two to five specialist asset managers to administer £450m (US$884.5m) of assets, seeking a target return of 3% excess of FTSE All Shares Index, net of fees. Documents...
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