mast image

Special Report

Impact investing

Sections

Russell to run Croudace and Maybrook schemes

UK- Croudace and Maybrook Properties have appointed Frank Russell Company to manage their £15 million pension scheme. Trustees of the fund were advised by Jardine Lloyd Thompson, and have opted to invest in Russell’s multi-style, multi-manager funds.

Between them, the two companies have both a defined benefit scheme and a defined contribution scheme. The DB scheme will be invested across various Russell funds with a scheme specific benchmark while the DC scheme will be invested in Russell’s UK Balanced Fund and Sterling Bond Fund.

Croudace is a privately-owned house building company and Maybrook owns and manages a £70 million portfolio of industrial, commercial and retail properties throughout England.

Commenting on the appointment, a spokesperson for Croudace said: “we selected Frank Russell after a careful and considered review of the fund managers we thought would be suitable. We believe this approach of investing in highly successful funds coupled with rigorous monitoring of performance will result in good returns for the schemes over the next few years.”

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2558

    Asset class: Private Equity.
    Asset region: Global or Swiss.
    Size: USD $5-10m.
    Closing date: 2019-08-20.

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

Begin Your Search Here
<