Wolverhampton City Council · Awarded contract
Awarded

Award of Active Global Emerging Market Equities Management Contracts for LGPS Central

Awarded 01 Nov 2018

View live tenders
Awarded01 Nov 2018
Value£26,000,000.00
RegionWest Midlands
CategoryFinance & Insurance
Expires in 2y 5mo10y 5mo term, 77% elapsed
Awarded 1 Nov 2018Expires 30 Mar 2029

Wolverhampton City Council awarded a contract to BMO Global Asset Management (formerly F&C), Vontobel Asset Management, and UBS Global Asset Management for the management of a global active emerging market equities fund valued at approximately £1.5 billion, with a contract value of £26,000,000.

The contract was awarded by LGPS Central Limited, a private company owned by its investors, responsible for pooling the investments of nine regional pension plans with assets under management of around £40 billion.

The selected managers were required to demonstrate a consistent, robust, and repeatable investment process, responsible investment at the core, a concentrated portfolio, low and fully transparent costs, and full look-through transparency with the ACS custodian.

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