Brunel PP launches search for global high alpha equities managers

Brunel Pension Partnership, one of the eight LGPS asset pools which is bringing together around £30 billion from 10 funds, has announced the active stage of its search for global high alpha equities managers.

Brunel said that so far, over 110 managers have registered interest in the mandate, which will see £2.2 billion in assets awarded to the successful managers. Brunel expects to appoint four to six managers in total, for long-only and fairly unconstrained managers. “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,” commented Brunel CIO, Mark Mansley. He described the global high alpha equities mandate as Brunel’s flagship products, adding: “We believe this will be an exceptional opportunity for the right fund managers to form a long-term partnership with us.”

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