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9ab6c0f2-1c9f-46c6-8d6d-aa8c846a0eac-683005- Published tags
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ocds-b5fd17-0ab40b26-c807-4381-8493-9057ec4c3c56Published facts
9ab6c0f2-1c9f-46c6-8d6d-aa8c846a0eac-683005Transition manager, who will manage the divestment from J.P. Morgan and investment into the LGPS Central FBI fund. The transition manager will reduce costs by transitioning assets 'in-specie' where possible and position the assets into the desired portfolio for the new investment. Staffordshire Pension Fund invests in a variety of listed equity assets. At the Pensions Panel on 6 June 2023, Members approved an increase in the Fund's allocation to Factor-Based Investment (FBI) equities from 5.0% to 8.8% of the Fund. As part of this approval, an allocation of 4.4% (c£295m) of the Fund was awarded to a new investment, the LGPS Central All World Equity Climate Multi Factor Fund. The assets to fund this investment were approved to be taken from an existing manager, J.P. Morgan, who currently manage over 10% of Fund assets.
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Award notice observed
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9ab6c0f2-1c9f-46c6-8d6d-aa8c846a0eac-683005Awards and suppliers
Buyer: Staffordshire County CouncilSupplier: Macquarie Capital (Europe) Limited
ocds-b5fd17-0ab40b26-c807-4381-8493-9057ec4c3c56-1End dates, recurrence wording and links are shown as they appear in public notices. They do not create a new opportunity. If no later linked record appears here, that means Bidwake did not find one in the records it has loaded; it does not prove that none exists.