Merseyside Pension Fund is searching for passive equity and fixed-income managers, Pensions & Investments reports. The new supervisors, for whom an RFP is expected to be issued within the next week, will run a combined £1.3 billion.Current managers, Legal & General Investment Management and UBS Global Asset Management can also rebid in the offer. The search is being conducted as both managers have been in place since 2003 and the fund is required by law to review manager contracts. The search will be assisted by Aon Hewitt.

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