Border to Coast Pensions Partnership successfully launches £5bn global equity alpha fund

22 November 2019

Border to Coast Pensions Partnership publishes on its website:

“Border to Coast Pensions Partnership (“Border to Coast”), one of the largest UK public sector pension pools in the UK whose assets total c. £45bn, announces the launch of its Global Equity Alpha fund, with assets of c. £5bn. This brings Border to Coast’s assets under management to c. £15bn, excluding commitments to private markets of £1.8bn that are currently being placed.

Following the appointment of Harris Associates, Investec Asset Management, Lindsell Train and Loomis Sayles as managers of the Border to Coast Global Equity Alpha Fund in June, Border to Coast is delighted to announce the successful launch of the fund. Eight (out of twelve) of the Partner Funds invested at launch, with assets from 14 mandates across both segregated and pooled vehicles being transferred to the fund. The restructuring of the assets to the target portfolios of the selected external managers has now been completed with the support of BlackRock and Inalytics as the transition manager and adviser.

The competitive manager selection and economies of scale will result in aggregate annual management fee savings to Partner Funds of c.£3.5m per year. The fund seeks to achieve a long-term return 2% pa ahead of the MSCI All Country World Index after deduction of manager fees.”

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