UK - The £2.1bn (€3.1bn) Essex County Council Pension Fund is looking to appoint a specialist unconstrained global equity manager for a £140m mandate.
 
Essex is the latest UK local authority to go "unconstrained" - that is seeking investment managers to run assets not benchmarked to an index.

Others include the Lothian Pension Fund as well as the London Borough of Enfield, the City of Westminster and Kent County Council.

The Essex scheme, with almost 39,000 members, is being advised and assisted in the tender by consulting firm Hymans Robertson.
 
The tender will go to "the most economically advantageous tender", with quality of clients service and willingness to attend meetings in Chelmsford being two of the ten additional factors, the council said.
 
The deadline for receipt of tenders or requests to participate is September 19.
 
No one at the council, nor at Hymans Robertson was available for comment. IPE's calls were not returned.
 
Earlier this month, IPE already reported about the €1.4bn Essex County Council tender in active currency overlay, which may include passive hedge element.

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