mast image

Special Report

Impact investing

Sections

Lothian scheme reappoints Hymans Robertson

UK – The £2bn (€2.85bn) Lothian Pension Scheme has reappointed Hymans Robertson to provide actuarial and investment consulting services.

According to a joint statement, the appointment was made by the Edinburgh-based local authority scheme “after a competitive tendering exercise to secure the most effective service at an optimum cost”.

Actuarial and investment services will be provided under separate agreements, they added. The move was “in line with Myners’ best practice recommendations”.

Hymans will join the scheme’s new independent investment consultant, Gordon Bagot, on the fund’s strategy panel.

“Hymans Robertson has given the Lothian Pension Fund an excellent service since their appointment in the 1070s,” said Donald McGougan, director of finance for the City of Edinburgh.

“Their robust advice has proved invaluable by controlling risk through proper diversification of the fund’s assets.”

“Hymans Robertson has enjoyed a strong relationship with the Lothian Pension Fund for many years,” said Hymans partner Douglas Anderson. “We are delighted to be given the opportunity to continue the successful partnership into the future.”

Last week IPE reported that the scheme was about to advertise its management arrangements for global and Europe (excluding UK) equities – putting troubled asset manager Bank of Ireland Asset Management under scrutiny.

The re-tender was prompted by “internal changes within the current investment manager”.

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
<