Brunel opens search for world’s best Global High Alpha equities managers

PRESS RELEASE, 14 March 2019

FOR IMMEDIATE RELEASE

Following the commencement of its Global High Alpha pre-search and registration process in January, Brunel Pension Partnership Limited (Brunel) announces that the search is now active.

The deadline for receipt of expressions of interest is 11am GMT on Wednesday 03 April 2019.

“We have already had an excellent initial response from the investment manager community, which makes us confident we will get some really interesting submissions.” says Mark Mansley, CIO at Brunel Pension Partnership. “In many ways, Global High Alpha equities is our flagship product. As such, we believe this will be an exceptional opportunity for the right fund managers to form a long-term partnership with us.”

Brunel expects to spread the portfolio between four and six managers with diverse and complementary approaches. The individual mandates will be fairly unconstrained, but will be long-term only. “We will be looking for a long-term approach, innovation and originality in managers’ processes, and high return expectations of 3% or more over benchmark.”

So far, more than 110 fund managers have supplied pre-registration documents, research and thought-pieces on investing in Global High Alpha equity strategies.

The Global High Alpha portfolio size will be approximately £2.2bn, to be allocated between the selected managers. The sub-fund will be delivered through the ACS platform Brunel has developed in conjunction with FundRock. The formal launch is scheduled for Q4 2019.

Brunel are being assisted throughout the process by consultants from Inalytics and Redington. “Redington are supporting the selection and evaluation process, and Inalytics will provide analysis of trading activity to deepen understanding of manager characteristics,” says Mark.

Fund managers invited to get in touch

Fund manager who haven’t yet submitted details or who have pre-registered but haven’t received an acknowledgement should email investments.brunel@brunelpp.org. They will then receive the briefing document on the call for expressions of interest and a submission template.

The email should have a subject of ‘Brunel Global High Alpha’. If an acknowledgement is not received within 48-hours, please phone us on 07458 144605. As part of the acknowledgement, managers will be invited to pre-load holdings and transaction data with Inalytics to facilitate analysis.

About Brunel Pension PartnershipLimited

Brunel Pension Partnership Limited (Brunel) brings together circa £30 billion investments of 10 likeminded Local Government Pension Scheme funds. We believe in making long-term sustainable investments supported by robust and transparent process. We are here to protect the interests of our clients and their members. In collaboration with all our stakeholders we are forging better futures by investing for a world worth living in.

Brunel is one of eight national LGPS pools and will manage the investment of the pension assets for the funds of Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset and Wiltshire.
www.brunelpensionpartnership.org

About Inalytics

Used by over 50 of the most elite asset managers and owners in the world, Inalytics analysis enables Asset Managers and Owners to go beyond traditional holdings-based attribution to capture the complete picture of how an investment process adds value. This is done by analysing the full range of decisions, including the buys and sells, so that the analysis accurately reflects the decisions being taken and captures the key drivers of a successful process. www.inalytics.com

About Redington

Redington is an independent investment advisor to more than 90 long-term global investors, including pension funds, insurance companies and wealth managers, headquartered in London. The company has a long-term vision of improving the financial security of 100 million people via clear and differentiated outcome focused advice. Redington was founded in 2006 and has a team of 150 staff who advise on £430 billion of assets. www.redington.co.uk

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For more information or high-resolution images, please contact Judy Darley, Communications Manager, on press@brunelpp.org