Prior Information Notice - Procurement for Investment Management Services for a segregated Multi-Manager mandate

Tender description

In mid-2019, Border to Coast intends to launch its second externally-managed Sub-Fund within its Authorised Contractual Scheme focusing on global equities with overall expected assets of £4-5bn. The Sub-Fund will comprise of a selection of 4-5 direct global equity mandates, and one Multi-Manager with anticipated mandate sizes of £0.5-1.5bn each. Building on the launch of Border to Coast’s first Sub Funds in July 2018, we now have c. £7bn of assets under management and have recently launched our first externally managed Sub-Fund – UK Listed Equity Alpha. Our next planned Sub-Fund is an externally managed global equity Sub-Fund and we have been working with our underlying local authority partner funds to ensure the structure, risk and return objectives best meet their needs. We are targeting a launch in mid-2019, with associated RFPs for the global equity mandates and Multi-Manager mandate issued in early 2019. Keywords: Asset Management, Pension Funds, Investment Services