Greenwich goes external

This month the London Borough of Greenwich is turning to external fund management for the first time," according to Debbie Warren in the council's accounts department. "We were internally managed before but have decided to go outside and appoint Morgan Grenfell Asset Management and Schroders Investment Management to handle two global and emerging markets balanced briefs for us at their discretion."

Thirty three managers competed for the £300m ($480m) fund and the final decision, to split it two ways, was swayed by - other things being equal - "the economically most advantageous tender", demonstrating once again how economies of scale favour the larger houses."

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-2466

    Asset class: Multi-asset funds.
    Asset region: Global.
    Size: EUR 30m.
    Closing date: 2018-08-16.

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

Begin Your Search Here