Schroders loses balanced LGPS mandate

UK - The £640m (€935m) London Borough of Tower Hamlets Pension Fund has replaced Schroders on a balanced mandate with two specialist managers.

A £90m (€135m) UK equity brief was awarded to Aberdeen Asset Management. This is the second mandate in this asset class with Martin Currie currently managing another £100m.

Baillie Gifford won a £60m global equities mandate which is an addition to the £140m currently run by investment manager GMO.

Schroders still keeps a roughly property mandate with the London borough fund.

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-2503

    Asset class: Equities.
    Asset region: Emerging Markets.
    Size: EUR 30m.
    Closing date: 2019-01-31.

  • QN-2505

    Asset class: Real Estate Core/Core-Plus Multi-sector strategy.
    Asset region: Asia-Pacific.
    Size: $ 50m.
    Closing date: 2019-01-28.

  • QN-2506

    Asset class: Currency Overlay.
    Asset region: Global.
    Size: USD 4 bn..
    Closing date: 2019-02-11.

Begin Your Search Here