As part of its ongoing and regular review of its propositions and the investment landscape, Border to Coast has restructured its Global Equity Alpha Fund with the addition of two external managers.
Following an open market procurement exercise, Baillie Gifford and Jennison Associates have been selected as two new high conviction, growth orientated managers who will help ensure the Fund retains an appropriate balance of risks on a forward-looking basis, with the ambition of generating long-term outperformance of the performance objective.
They will join Harris Associates, Ninety One and Lindsell Train as the primary Global Equity managers in the Fund, with FountainCap and Goldman Sachs providing an Emerging Market allocation. As part of wider portfolio construction considerations, the two managers will replace Loomis Sayles. The transition will complete by 31 March.
The Global Equity Alpha Fund was launched in October 2019, which blends external managers with complementary investment styles to create a balanced portfolio of global listed equities. It aims to outperform the MSCI ACWI by 2% a year over rolling five-year periods.
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