Brunel invites input from managers with expertise in Diversified Growth Funds

David Cox
Head of Listed Markets
2nd April 2019

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PRESS RELEASE, 02 April 2019

FOR IMMEDIATE RELEASE

Brunel Pension Partnership (Brunel) today announces the start of its process to launch its Diversified Growth (DGF) product, which is beginning with an extended market research process.

Diversified Growth Funds have received mixed press as of late. Due to this, while Brunel’s clients remain interested in products which offer reasonable returns with some diversification and less risk than equities, the established DGF is just one possible option that Brunel will be considering. For example, there may be scope to build our own solution from a range of liquid alternative funds, such as risk premia funds, diversified factor funds, option-based products, or insurance-based funds.

Brunel would like to receive strategic research and thought-pieces, summary proposals, or fund/strategy presentations from interested managers. Submissions should be concise and clear to enable the rapid identification of notable differentiators. Key investment metrics should be provided (e.g., total return and risk, drawdown experience, bond and equity correlation / beta, downside capture, indicative costs).

Selected managers in preferred areas will be invited to a more formal tender in early summer 2019.

Mark Mansley1, Chief Investment Officer, Brunel Pension Partnership cr Rebecca Faith Photography_crop“This is a fundamentally interesting and challenging area,” says Mark Mansley, CIO at Brunel Pension Partnership. “We are looking for managers able to add value over a simple mix of bond and equity through genuine diversification or alternative sources of return. There will be some basic expectations of liquidity – we do not need daily liquidity but would need to feel able to move assets in reasonable scale over a few weeks. We are open to a wide range of approaches which meet these goals, but expect them to be consistent with our investment principles and evidence-based with a clear rationale.”

The Diversified Growth Portfolio size is currently expected to be just under £2bn.

Managers who are interested in this search are invited to email key product and organisational details to [email protected] by Friday 26 April 2019. The email should have a subject of ‘Brunel DGF’.

About Brunel Pension Partnership Brunel Pension Partnership logo

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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For more information or high-resolution images, please send an email to [email protected]


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