The Pensions Trust, Leeds, England, hired Ownership Capital to run £130 million ($211 million) in active global equities, said David Adkins, chief investment officer.
The £6 billion pension fund hired the firm because its strategy, which takes active ownership stakes with a 10-year time horizon in companies with strong corporate governance and long-term sustainability, “strongly aligned with our investment beliefs,” Mr. Adkins said.
Internal staff made the recommendation to hire Ownership Capital as the pension fund’s fourth active equity manager. Funding comes from a reduction of one of the pension fund’s other active equity managers; Mr. Adkins would not name the manager.
