mast image

Impact Investing

IPE special report May 2018

Sections

UK’s Lewisham tenders E585.8m mandates

Related Categories

UK – The London Borough of Lewisham’s pension fund is tendering three mandates totalling 409 million pounds (585.8 million pounds).

The council is tendering 100% of its non-property assets, comprising three mandates.

The first mandate is a 179 million-pound (256 million-euro) multi-asset mandate, split 96 million pounds (137.5 million euros) into UK equities and 83 million pounds (119.5 million euros) into bonds.

The second mandate is for overseas equities and is valued at 124 million pounds (178 million pounds).

A third mandate is a specialist UK equity mandate – also at 96 million pounds (137.5 million euros).

At present the fund has two balanced managers, Schroders and Deutsche Asset Management.

The decision to tender the mandates, and changed from a purely balanced approach followed the results of an asset-liability review.

Hymans Robertson is the scheme’s consultant. Applications must be received by December 15.

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-2435

    Asset class: CLOs.
    Asset region: Global.
    Size: USD 50m.
    Closing date: 2018-05-22.

  • 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