LGPS Central has selected three external managers for its emerging markets equity multi-manager fund.
BMO Global Asset Management, UBS Asset Management and Vontobel Asset Management will each receive a third of the mandate.
The fund, which launches later this year, is expected to attract around £1.5bn of investment.
LGPS Central chief investment officer Jason Fletcher said: "We look forward to building a long-term working partnership with them all so that we can deliver our partner funds' investment objectives effectively."
LGPS Central manages the pooled assets of nine local government pension schemes with around £44bn of investment.
Commenting on its selection, BMO director of UK institutional development Paul Myles said: "We believe both our long-term investment philosophy and commitment to engagement with companies on environmental, social and governance issues align with the beliefs of LGPS Central and are fundamental for investment risks to be rewarded."
Vontobel Asset Management head of UK and Ireland Sheridan Bowers said: "LGPS Central has identified our expertise within emerging markets equities and are delighted to be working with their investment team."
UBS executive director of UK institutional Rachel Perini added: "We look forward to building a strong, collaborative partnership with LGPS Central over the coming years."
It comes as Brunel Pension Partnership - also one of the eight LGPS pools - has been searching for emerging market equity managers.
PMI president Lesley Alexander and the institute's immediate past-president Lesley Carline talk about the challenges of Covid-19 and the opportunities and challenges the industry faces in the future.
The Pensions Administration Standards Association (PASA) has announced global consultant Deloitte as its expert knowledge provider for data.
This week’s top stories included further support for an overhaul of the pension tax regime, while the Treasury confirmed the Retail Prices Index will be reformed by 2030.
XPS Pensions posted a 9% increase in revenues during the six months to 30 September – a rise driven by a number of large client wins.
Here they are - the winners of the 3rd annual Women in Pensions Awards...