The Border to Coast LGPS pool has begun its search for managers to oversee its new fixed income funds.
The fund, which has £14bn of assets under management for 14 local authority pension schemes, will focus on UK investment grade credit and global multi-asset credit.
The funds are expected to launch in Q4 2019 and H1 2020 respectively.
A statement from the pool said: “We are seeking specialists in specific credit market sub-asset classes such as high yield bonds, leveraged loans, emerging market debt and asset-backed securities for individual asset class mandates.”
