Published: March 9, 2024

We are delighted to announce that we are inviting applications from Quality focused Global Active Equity Managers for our LGPS Central Global Equity Active Multi-Manager Fund. The successful strategy will be added to the existing sub-fund of the Authorised Contractual Scheme (ACS).

It is expected that the new manager will be funded towards the middle of 2023 with a total value up to £750m depending on how they blend with our current best in class managers.

LGPS Central is looking for Global Equity managers that already have a minimum of £500m of external client money invested at 31st December 2022 with a three-year track record (to the same date) in managing the global equity strategy submitted for this procurement. LGPS Central is looking for active managers, which utilise a fundamental rather than quantitative approach, with evidence of strong performance in the quality style of investing.

Investment Director for Active Equities at LGPS Central, Mark Davies, said, ‘Since the inception of our Global Equity Active Multi-Manager Fund, the managers we work with have delivered above benchmark returns, helping our clients generate the returns they require to ensure they can match their liabilities. As part of our ongoing management of the fund, an opportunity was identified to add a complementary manager to our current roster, to help boost the returns the Fund delivers’.

Here you can find more details about the opportunity and how to apply.