London Borough of Southwark Pension Fund is looking for three new passive managers, Pensions & Investments reports. The selected managers will oversee a combined £600 million mandate at the £850 million fund. BlackRock manages about £425 million in passive equities and bonds and can rebid. Additional funding comes from dropping AllianceBernstein from two active unconstrained global equities mandates worth a combined £191 million.
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