LGPS pension pool Border to Coast has appointed Royal London Asset Management, M&G Investment Management and Insight Investment as its external asset managers in a Sterling investment grade credit fund expected to total over £2bn at launch.
Subject to FCA approval, the fund is scheduled to launch in early 2020.
Rachel Elwell, Border to Coast chief executive, said “We were particularly pleased with the way the asset management industry responded to the challenges we made to deliver innovative and value for money mandates, and we believe that the selected managers will contribute strongly to our purpose of making a difference to investment outcomes for the LGPS.”
