Border to Coast Pension Partnership appoints external asset managers for its Global Equity Alpha Fund

7 June 2019

Border to Coast Pensions Partnership publishes on its website:

“Leeds, 6 June 2019, Border to Coast Pensions Partnership (“Border to Coast”), one of the largest UK public sector pension pools in the UK whose assets total c. £45 billion, announces the appointment of Harris Associates, Investec Asset Management, Lindsell Train and Loomis, Sayles & Company as its external asset managers in a Global Equity Fund expected to total over £4.5bn at launch.

Border to Coast is delighted to announce the appointment of Harris Associates, Investec Asset Management, Lindsell Train and Loomis Sayles as external managers to the Border to Coast Global Equity Alpha Fund. Subject to FCA approval, the Fund is scheduled to launch later in 2019 with assets of over £4.5bn.

The appointments follow an extensive manager selection exercise undertaken by Border to Coast, with support from Mercer. Over 90 asset management firms submitted proposals which were scored for technical quality, value for money and complementarity of fit.

In addition to targeting long-term outperformance relative to benchmarks net of fees, a pooling objective is to deliver cost savings to Partner Funds. We are pleased to confirm that the fees agreed with the high-quality managers selected for this fund are expected to be materially lower than the aggregate fees our Partner Funds are currently paying on the transitioning assets.”

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