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Impact Investing

IPE special report May 2018

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Borough goes for Goldmans

Goldman Sachs Asset Management International (GSAM) has capped a purple patch of investment mandate wins, including a huge £3bn (E4.9m) appointment to manage the unit-linked and unit trust funds of Lincoln Financial Group, by scooping a brief to actively run £225m in assets for the £390m pension fund of the London Borough of Hammersmith and Fulham. GSAM will replace incumbents Gartmore and Phillips & Drew at Hammersmith and Fulham and manage two separate briefs; one for £165m of global equities and the other for a £60m UK fixed income fund, with the remaining 42.5% invested passively with existing manager Legal & General.
Councillor Andrew Slaughter, mayor of Hammersmith and Fulham and chair of the pension fund investment panel, comments: “This was the first full scale review for some years. It was important that we knew exactly what we were looking for, and that we selected a manager that we could trust to deliver.”
Bacon & Woodrow acted as consultant to the tender process.

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  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

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    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

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    Closing date: 2018-05-31.

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