LGPS Central names EM managers; Brunel starts global equities search

first_imgThe fund launch follows LGPS Central’s launch of a £2bn global active equity fund last year, run by Harris Associates, Schroders and Union Investment.The pool also launched a search for investment grade corporate bond managers late last year, with the fund expected to attract a similar amount from LGPS Central’s nine local authority schemes across the Midlands region of England.Jason Fletcher, chief investment officer at LGPS Central, said: “We look forward to building a long-term working partnership with [the managers] so that we can deliver our partner funds’ investment objectives effectively.”LGPS Central aims to pool roughly £44bn of assets from its nine member funds, saving roughly £250m over the course of its first 15 years of operation. It has already taken on more than £14bn in assets under management and advice.Brunel launches global high alpha equities searchSeparately, the Brunel Pension Partnership – which is pooling the assets of 10 local authority pension funds from south and south-west England – has begun its process for launching a high-alpha global equities fund.In the first stage, launched today, it has requested that managers send in “strategic research and thought pieces that contribute to the debate on delivering excellent performance in global equities”. It does not want proposals or strategy presentations.A formal search process for managers to run the portfolio – estimated to be worth roughly £2bn – will start in March, and managers can register for updates through Brunel’s website . The fund is slated for launch in the fourth quarter of 2019.Mark Mansley, Brunel’s CIO, said: “Put simply, we are seeking the best global equity fund managers in the world. We expect to spread the portfolio between four or five managers with diverse and complementary approaches.“The individual mandates will be fairly unconstrained, but will be long only. We will generally be looking for a long-term approach, innovation and originality in managers’ processes, and high return expectations of 3% or more over benchmark.”LGPS pooling acceleratesBorder to Coast searches for multi-manager for global equities fund ACCESS pool readies double global equity launch Brunel backs renewables fund, begins EM equity search Brunel appoints manager trio for UK equities LGPS Central, one of the UK’s eight asset pools for local authority pension funds, has named a trio of managers to run a £1.5bn (€1.7bn) emerging markets portfolio.LGM Investments (a subsidiary of BMO Global Asset Management), UBS Asset Management and Vontobel Asset Management will each run a third of the assets of the Emerging Markets Equity Active Multi-Manager fund when it launches later this year, the pool said in a statement.Several other managers currently run emerging market portfolios for LGPS Central’s local authority clients, and are therefore set to lose mandates as the schemes begin transferring assets to the pool.These include Schroders and JP Morgan Asset Management – which ran more than £150m each for the Worcestershire Pension Fund as of 31 March 2018 – and Russell Investments, which ran £122m for the Staffordshire Pension Fund, according to the scheme’s latest annual report. In addition, Macquarie had a £177.5m emerging markets equity mandate with the Leicestershire Pension Fund at the end of March last year.last_img read more

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Staub Powers Argonauts to Double Header Sweep

first_img April 28, 2007 Box Score  FLORENCE, Ala. – Valerie Staub (East Brunswick, N.J./Wallace-Dothan CC) hit a two out, three-run home run in the top of the first inning to help lead West Florida to a 5-3 win over North Alabama on Saturday at Cox Creek Park. With the win, West Florida (32-23, 12-10 GSC) moved into sole possession of third place in the Gulf South Conference East Division. North Alabama (32-19, 11-10 GSC) was swept at home for the second time in their last three conference double headers.West Florida can clinch the third seed from the GSC East Division for next week’s conference tournament by winning at least one game in Sunday’s double header at Alabama-Huntsville. The Argonauts could also clinch if Valdosta State sweeps their double header at North Alabama on Sunday. North Alabama must at least split against Valdosta State to advance to the tournament.After only scoring four runs over the first three games of the series, West Florida put together a three-run first inning. After two outs, Taren Walton (Pensacola, Fla./Daytona Beach CC) singled and Nicky Van Camp (Davenport, Iowa/Kirkwood CC) drew a walk. Staub then deposited a Sabrina Roberts two strike pitch over the right center field fence for the early 3-0 lead.West Florida added two insurance runs in the top of the sixth inning. Walton led off by reaching on a two-base error. After Roberts retired the next two batters, Ellen Marsh (Ankeny, Iowa/Central Florida CC) brought in Walton on an RBI double. Julie Carroll (Calgary, Alberta, Canada/Liberty Univ.) followed with an RBI single to increase West Florida’s lead to 5-0.West Florida’s two-run sixth inning proved to be the difference as North Alabama brought the winning run to the plate in the bottom of the seventh inning. With one out, Emily Beckwith and Allie Pridmore recorded consecutive singles. After Kim Lee grounded into a fielder’s choice for the second out, Lindsey Greene walked to load the bases, and Sarah Whitlow also walked to force in the Lions first run. Jessica Liddy followed with a two-run single to left field to cut the West Florida lead to two. But with Lindsey Bates representing the winning run at the plate, Emily Burge (Pace, Fla./Pace HS) induced her to fly out to left field to end the game. It was West Florida’s first double header sweep against a GSC East Division opponent this season.Burge (14-13) earned her first win since Apr. 13 against South Arkansas. She allowed three runs on seven hits with two walks and two strikeouts in a complete game win. Roberts (11-9) suffered the loss after allowing five runs (three earned) with one walk and six strikeouts over six innings. Stephanie Glienke pitched an inning of scoreless relief. Marsh and North Alabama’s Sarah Whitlow each finished 3-3 with an RBI.West Florida will complete the regular season on Sunday afternoon at Alabama-Huntsville. First pitch of the double header is set for 12 p.m. CST. The two teams split a double header in Pensacola on Mar. 31. Since the double header will be played at Alabama-Huntsville’s new on-campus facility, “live stats” and a live broadcast will not be availablePrint Friendly Version Share Staub Powers Argonauts to Double Header Sweeplast_img read more

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