The £30 billion (€33 billion) Brunel Pension Partnership Limited has launched a search for managers for its £1.2 billion Sterling Corporate Bond sub-fund and for its £1.5 billion Multi-Asset Credit sub-fund.
“The Sterling Corporate Bond portfolio enables our clients to access a highly diversified fund, with a broad spectrum of holdings across a range of maturities,” says Stephanie Carter, senior investment officer at the partnership.
“From the tender process, we will be looking for evidence of strong credit analysis, considered portfolio construction and robust ESG integration.”
Daniel Spencer, senior investment officer, said: “Multi-Asset Credit provides an exciting opportunity for our clients to gain access to sub-investment grade credit in a diversified and understandable manner, with strong ESG integration.
“The portfolio will be highly differentiated from our other portfolio offerings, providing our clients with an opportunity to reduce risk whilst maintaining reasonable levels of expected return through use of diversified credit.”
Brunel Pension Partnership Limited (Brunel) brings together the investments of 10 UK local authority pension scheme funds.
It is one of eight national pooled funds and manages the investment of the pension assets for the funds of Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset and Wiltshire.
