mast image

Special Report

Impact investing

Sections

Environment Agency awards €649m FX mandate

Related Categories

UK - The Environment Agency says it has awarded a total of £440m (€649m) in currency mandates to Informed Portfolio Management.

The agency - the UK's environment watchdog- said IPM has won its combined passive (£400m) and active (£40m) currency management mandate for the £1.4bn Active Pension Fund. The Agency was advised by Mercer Investment Consulting.

Howard Pearce, head of pension fund management, said: "The appointment of IPM follows on naturally from our appointment of our new fund managers during 2005 and 2006 and concludes the implementation of our new investment strategy and our fund manager line up."
 
According the agency's new 2005/2006 annual report, it made an overall return in the year of +22.8% (+0.8% above benchmark). The three-year annualised rate of return is +19.3%.  The solvency of the fund was estimated to be 98% at March 31, 2006.

Seven managers exceeded their performance benchmarks and four beat their performance targets.

Sarasin Chiswell, the Agency's specialist SRI fund manager, who manage 8% or over £100m of the Active Fund assets, and mainly invests in EU based companies, produced the best performance (+9% above their benchmark index) after the first year.

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-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<