LGPS pool Border to Coast has appointed three asset managers for a global equity fund expected to total around £4.5bn of assets.
Harris Associates, Investec Asset Management, Lindsell Train and Loomis Sayles will act as external managers on the pool’s global equity alpha fund.
Over 90 asset management firms submitted proposals which were scored for technical quality, value for money and complementarity of fit.
Border to Coast is planning to launch investment grade credit and multi asset credit funds over the next 12 months, with requests for proposals for these mandates expected to be issued during the next quarter.
