PRESS RELEASE, 29 January 2019
FOR IMMEDIATE RELEASE
Brunel Pension Partnership (Brunel) is thrilled to share plans for launching its Global High Alpha Equities sub-fund.
The open two-stage process is designed to identify the best Global High Alpha managers to partner with. The formal search process will begin in March 2019, when Brunel intends to issue a call for any interested managers to submit Expressions of Interest. Brunel will be assisted throughout the process by consultants from Inalytics and from Redington.
At this stage Brunel is interested in receiving strategic research and thought pieces that contribute to the debate on delivering excellent performance in global equities from fund managers (but not proposals, newsletters or fund/strategy presentations).
“This a really exciting opportunity for us,” says Mark Mansley, CIO at Brunel Pension Partnership. “Put simply, we are seeking the best global equity fund managers in the world. We expect to spread the portfolio between four or five managers with diverse and complementary approaches. The individual mandates will be fairly unconstrained, but will be long only. We will generally be looking for a long-term approach, innovation and originality in managers’ processes, and high return expectations of 3% or more over benchmark.”
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 Q4 2019. The Global High Alpha portfolio size will be approximately £2bn.
Managers who are interested in this search are invited to pre-register by sending an email with key organisational details and the afore-mentioned research and thought pieces to [email protected]. The email should have a subject of ‘Brunel Global High Alpha’. If an acknowledgement is not received within two full business days, please phone us on 07458 144597. As part of the acknowledgement, managers will be invited to pre-load holdings and transaction data with Inalytics to facilitate their analysis.
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
Used by over 50 of the most elite asset managers and owners in the world, Inalytics analysis enables Asset Managers and Owners to go beyond traditional holdings-based attribution to capture the complete picture of how an investment process adds value. This is done by analysing the full range of decisions, including the buys and sells, so that the analysis accurately reflects the decisions being taken and captures the key drivers of a successful process. www.inalytics.com
Redington is an independent investment advisor to more than 90 long-term global investors, including pension funds, insurance companies and wealth managers, headquartered in London. The company has a long-term vision of improving the financial security of 100 million people via clear and differentiated outcome focused advice. Redington was founded in 2006 and has a team of 150 staff who advise on £430 billion of assets. www.redington.co.uk
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