UK - The £1.7bn (US$3.34bn) Pension Protection Fund (PPF) has said it is looking for a panel of investment managers to oversee its global equity strategy.
Hunt added one of the mangers would be awarded a £100m global equity mandate immediately, which would be fully hedged back into sterling.
The mandate will be in place within six months if everything goes according to plan, the PPF said.
The London Borough of Hackney has also launched a tender process for a pension administrator and pension payroll service provider.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.