Border to Coast hires five to research and investment teams

James Phillips
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Elwell: We remain focussed on delivering a positive difference for partner funds
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Elwell: We remain focussed on delivering a positive difference for partner funds

Border to Coast Pensions Partnership has hired three people to its investment team and two to its research team following a series of new fund launches.

The Local Government Pension Scheme (LGPS) pool, which invests on behalf of 12 funds with £49bn of assets, has appointed Daniel Loughney as portfolio manager for fixed income, James Thelwell as portfolio manager for alternatives, and Luc Pascal as assistant portfolio manager.

Loughney joins from AllianceBernstein where he was senior-vice president and EMEA head of rates and currency; Thelwell was investment manager at the Greater Manchester Pension Fund; and Pascal as an investment consultant at Lane Clark & Peacock.

In the research team, Hernan Enriquez and Guy Norman join as research managers. Enriquez was a global senior equity analyst at asset manager IFDC and Norman joins from Aberdeen Standard Investments where he was an equity analyst.

Their appointments come just over two years after the pools were formally launched, and also follow Border to Coast's launch of a £2.5bn sterling investment-grade credit fund last month, and a £5bn global equity alpha fund in November last year. The LGPS pool is also in the process of selecting managers for a multi-asset credit fund, which is expected to see around £3bn transitioned from the partner funds.

Border to Coast invests assets on behalf of the LGPS funds of Cumbria, Durham, East Riding of Yorkshire, Lincolnshire, Northumberland, North Yorkshire, Surrey, South Yorkshire, Teesside, Tyne and Wear, and Warwickshire.

Chief executive Rachel Elwell said: "We were established by our partner funds with a clear vision and purpose and I am delighted at the high calibre of talent joining Border to Coast to support us deliver on them. While these are uncertain times, we remain focussed on delivering a positive difference for our partner funds."

Head of research Sarah Jane Burns added: "Border to Coast continues to invest in attractive high-quality research personnel to support its internal investment function. Independent, detailed research is the cornerstone of delivering positive results for our partner funds."

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