LGPS Central searches for additional active global equity manager

LGPS Central is seeking an additional focused global active equity manager for its Global Equity Active Multi-Manager Fund.

The successful strategy will be added to the existing sub-fund of the Authorised Contractual Scheme (ACS) and the new manager will be funded towards the middle of 2023 with a total value up to £750 million.

Global equity managers wishing to be considered must have a minimum of £500 million of external client money invested as of 31st December 2022 with a three-year track record. They must also be an active manager, using a fundamental rather than quantitative approach, with evidence of strong performance in the quality investing.

Mark Davies, investment director for active equities at LGPS Central, 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.”