Brunel Pension Partnership, Bristol, England, selected five global equity managers to run a £2.6 billion ($3.4 billion) allocation, said a notice on the website Tuesday of the £30 billion pool of local government pension funds.
AllianceBernstein, Baillie Gifford, Fiera Capital, Harris Associates and Royal London Asset Management were selected to run Brunel's global high-alpha portfolio in a research-driven and fundamental bottom-up approach while integrating environmental, social and governance considerations.
"We particularly like dynamic managers who will truly engage with us, and we believe that these managers comprise an effective combination that we hope to see deliver the long-term returns sought by our clients," Matt Betts, senior investment officer said in a news release "Collectively, the managers use a range different specialist approaches to selecting global companies that they expect to outperform the market in the long term."
Consultants Inalytics and Redington assisted with the search.
