PP18043 - LGPS Central Global Active Equities
Estimated value
£37.0m
Awarded value
£21.7m
Suppliers
1
Lots
1
Published
10 Sept 2018
Description
LGPS Central Limited is a private company, owned by its investors, responsible for the pooling of nine regional pension plans investments, responsible for AUM in the region of £40 Billion. The company was FCA approved in January 2018. The key objectives of the LGPS Central pool are to: - meet the investment objectives of the partner funds - establish a collaborative platform through which administering authorities of the partner Funds can aggregate their pension assets, with a view to providing scale economies and improved investment efficiency - create capacity to invest in asset classes which individual funds may find difficult to access - stimulate innovation, and provide an opportunity for funds to engage with the investment industry in finding new and creative approaches to the funding challenges faced by the LGPS (and the wider pensions sector) - act as a responsible, long-term investor, using its influence as a shareholder to promote the highest standards of corporate stewardship The company is looking for global active equity managers to manage a fund in the region of £2.5 Billion. Successful candidates will be able to demonstrate: - consistent, robust, repeatable, investment process - responsible investment at the heart of the investment process - concentrated portfolio - low, fully transparent costs - full transparency (look through) with the ACS custodian.
Scope
- Reference
- WOLVCITY001-DN325005-47435987
- Total value
- £37,000,000 excluding VAT
- Commercial tool
- Standalone contract
- Contract dates
- 30 Sept 2018 to 28 Feb 2029
- CPV classifications
- 66000000
Submission & procedure
- Submission deadline
- 03 Apr 2018, 11:00 pm
Award details
Awarded supplier(s), contract period and value as published in the award notice.
Awarded value
£21.7m
Award date
23 Aug 2018
Contract start
30 Sept 2018
Contract end
28 Feb 2029