LGPS Central Limited is delighted to announce we are now looking for fund managers to run our upcoming c.£700m Targeted Return Fund.
Although subject to slight variations as the process progresses, as a general guideline, the Fund’s mandate is expected to include that the Fund will:
- be benchmarked against 3-month GBP SONIA (or equivalent)
- be expected to return a provisional active net performance of 3-4% p.a. above benchmark
- consist of between 6 and 12 different investment strategies which, in combination, will have a correlation of below 0.5 to global equity markets
- provide sources of return which are not entirely reliant on the market direction of mainstream asset classes such as equities and bonds, with an additional element of manager alpha
- be invested in underlying assets that have a high degree of liquidity
- provide a pattern of returns which is genuinely diversified from most other assets held within the Pension Funds of the potential investors
- be unconstrained geographically.
Successful candidates will need to be able to demonstrate:
- a consistent, robust, repeatable, investment process
- low cost, fully transparent, value for money
- responsible investment integration as part of the investment process
- an actively managed portfolio
