Brunel announces Emerging Markets search

Mark Mansley
Chief Investment Officer
8th January 2019

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PRESS RELEASE, 8 January 2019

FOR IMMEDIATE RELEASE

Following the notification of its Emerging Markets pre-search and registration in November 2018, Brunel Pension Partnership (Brunel) is pleased to announce that the search is now active. Those that have pre-registered will be automatically sent the search documents, including the submission template. Managers who have not yet registered or have not received the documents from us should contact us as soon as possible as described below.

The deadline for receipt of expressions of interest is 25th January 2019.

“We are keen to receive tenders from fund managers which are innovative in their thinking, and with clear, consistent approaches that can be applied widely across the emerging markets specialism,” says Mark Mansley, Chief Investment Officer at Brunel Pension Partnership.

“We’re looking for managers able to meet our 2-3% performance target. Managers will be afforded considerable flexibility, including the ability to invest outside the benchmark, in frontier markets, smaller companies, and developed market companies with significant emerging market exposure, but they should be able to cover the core emerging markets to start with.”

So far Brunel has received pre-registration from more than 100 fund managers. Brunel has also received a range of interesting strategic research and thought pieces on investing in emerging market equities.

The portfolio size will be approximately £1.1bn and is expected to consist of three to four individual mandates of £200-£500m.

The sub-fund will be delivered through the ACS platform Brunel has developed in conjunction with FundRock, with the formal launch and transition scheduled for Q3 2019.

Brunel are being assisted throughout the process by consultants from Inalytics and from Redington.

Any fund manager who hasn’t yet submitted their details or who has pre-registered but haven’t received an acknowledgement should send an email  to: [email protected] in order to receive the briefing document on the call for expressions of interest and a submission template.

The email should have a subject of ‘Brunel Emerging Markets’. If an acknowledgement is not received within 48-hours, please phone us on 07458 144663. As part of the acknowledgement, managers will be invited to pre-load holdings and transaction data with Inalytics to facilitate their analysis.

Mansley says: “Managers should note that the submission template includes a range of pre-qualification questions, which should enable them to decide whether it’s worth responding, and that in answering the main template questions they should provide original responses which clearly explain their abilities and demonstrate an understanding of our needs.”

About Brunel Pension Partnership

Brunel Pension Partnership (Brunel) brings together circa £30 billion investments of 10 likeminded Local Government Pension Scheme funds. We believe in making long-term sustainable investments supported by robust and transparent process. We are here to protect the interests of our clients and their members. In collaboration with all our stakeholders we are forging better futures by investing for a world worth living in.

Brunel is one of eight national LGPS pools and will manage the investment of the pension assets for the funds of Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset and Wiltshire.

Find out more at www.brunelpensionpartnership.org


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