UK - Lothian Pension Fund has gone out to tender for two investment advisers to sit on its Investment Strategy Panel following the expiration of the current adviser contracts.
The £3.5bn ($6bn) fund currently has Hymans Robertson and Gordon Bagot on the strategy panel but their contracts expire on 30 September.
The fund, which has 66,000 members, said the current advisors will be considered against other potential advisors in the tender process.
The panel meets four times a year in Edinburgh and monitors the overall asset allocation and investment strategy of the fund.
Lothian said applications would be assessed on the breadth and depth of investment experience, pension fund consultancy experience and their knowledge and suitability to provide the service.
The deadline for applications is 12 August. The contract runs for five years with a potential to extend it to eight years.
The process is expected to take about four months to complete and an appointment should be made in October.
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