mast image

Impact Investing

IPE special report May 2018


Ealing completes manager review

UK - The London Borough of Ealing's £557m (€816.7m) pension fund has replaced UBS and Fidelity with three new managers.

RCM was chosen for a £185m global equities mandate, Royal London Asset Management for a £137 UK bonds mandate, and Lazard Asset Management for £235m UK equities mandate.

These appointments follow a review of all managers triggered by concern voiced by the scheme's adviser Mercer Investment Consulting last summer about the amount of risk in the portfolio.

Bank of New York had been appointed as transition manager.

It also emerged interim investment head Paul Audu has now left the Borough of Ealing and Bridget Uku has taken over as group manager for investments.

Have your say

You must sign in to make a comment


Your first step in manager selection...

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

  • 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.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

  • RE-2441

    Closing date: 2018-05-31.

Begin Your Search Here