UK public pension pool preps £2bn corporate bond fund

first_imgLGPS Central is looking for active managers to run a £2bn (€2.2bn) global investment grade corporate bond fund.The tender, aided by IPE Quest, marks the latest step in the pooling of assets held by the consortium’s nine local authority pension fund members. Together they have £40bn in assets under management.The corporate bond tender is in line with previously outlined plans to roll out a number of pooled fixed income funds next year.According to the IPE Quest notice for the corporate bond tender, LGPS Central was looking for managers to be able to demonstrate a “consistent, robust, repeatable investment process” and an actively managed portfolio. Responsible investment would need to be part of the investment process and full transparency on a look-through basis would need to be provided with the fund’s custodian.The pension manager was also looking for a “low cost, fully transparent, value for money” offering.Third parties have been invited to tender through a pre-qualification questionnaire process. Successful applications would then be invited to complete a request for proposal before a “competitive dialogue” during final interviews and selection.LGPS Central specified that interested parties should tender using only the following e-mail address: [email protected] deadline for submitting pre-qualification questionnaires is 10 December at noon UK time.Since receiving regulatory authorisation in January, LGPS Central has launched three pooled equity funds and announced the managers of another equity fund, which together are expected to hold £14bn of investments from its partner local government pension scheme (LGPS) funds.When the procurement process for LGPS Central’s global active equity multi-manager fund was under way 150 fund  managers from across the world expressed an initial interest in tendering for the mandate.The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email [email protected]last_img read more

Read More →

Tipp men retain places for Stade clash

first_imgDave Foley from Clonmel has also retained his place in the team selected by coach Anthony Foley while Nenagh’s Donnacha Ryan is fit enough to chosen amongst the replacements.Scrum half Connor Murray says even though they’re out of the competition they need to come up with a good performance.last_img

Read More →

Jure Pejić from FC Travnik transferred to FC Vitez

first_imgFC Vitez, the leader of First League of FBiH, which is fighting its way to Premier league, started assembling a team for the start of second part of season.New player of FC Vitez will be 21 year old midfielder Jure Pejić who used to play in FC Travnik.Pejić said that he believes he made a good choice and that FC Vitez is a good team, and he hopes to continue with playing well in the new team.last_img

Read More →

Flyers play final two games before Christmas break this weekend

first_imgFORT ST. JOHN, B.C. – The Fort St. John Flyers are back in action for a pair of games this weekend.The team is coming off a 7-1 victory over the Manning Comets on home ice to improve their record to 7-3. The Flyers got contributions from 10 different players and scored six straight goals to coast to the win. Goaltender Travis McLean had his shutout bid halted with just over six minutes to go.“It’s amazing what happens when you have a team of players that want to compete at a high level,” said head coach Andrew Leriger. “This is the final string of games versus the teams that aren’t in our division, after this we play Dawson and Grande Prairie for the remainder of the regular season.”- Advertisement -Tonight the team is heading to Manning for a rematch, before returning home to clash with the High Prairie Regals on Saturday evening. Both games get underway at 8:30 p.m.last_img read more

Read More →