LGPS Central launches EM equity fund

The fund, which went live at the end of last week, is managed by BMO Global Asset Management, UBS Asset Management and Vontobel Asset Management - fund managers who will each receive a third of the total mandate.

LGPS Central manager of managers investment director Colin Pratt said: "We're thrilled that our emerging markets fund is now up and running. A lot of hard work has gone into making sure this fund will serve the needs of our partner funds, and we truly believe it will meet their long-term objectives."

LGPS Central is one of eight Local Government Pension Scheme asset pools in England and Wales and currently has around £20bn of assets under management and advice.

It manages the pooled assets of nine Midlands-based local authority funds: Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Shropshire, Staffordshire, Worcestershire, West Midlands Pension Fund and the West Midlands Integrated Transport Authority.

LGPS Central was founded with the aim of improving risk-adjusted returns after costs, to enable access to a wider range of asset classes for participating funds, to ensure good governance and to deliver cumulative cost savings of almost £250m over the first 15 years the pool will be in operation.

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• Topics
• Investment
• Colin Pratt
• LGPS Central
• BMO Global Asset Management
• UBS Asset Management
• Vontobel Asset Management
• LGPS
• Local Government Pension Scheme