mast image

Impact Investing

IPE special report May 2018

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-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