Pension fund management services

Tender description

Procurement for emerging market equities china specialist mandate. Border to Coast Pensions Partnership (‘Border to Coast’), one of the largest public sector pension pools in the UK, is seeking to appoint up to two specialist China equity managers to supplement its existing emerging market equity sub-fund. The fund, which is currently wholly managed internally, is expected to allocate around a third of its assets to the specialist China manager(s) – a total external mandate size of around GBP 200-300 m. Following consultation with its partner funds, border to Coast is seeking to create separate sleeves within its emerging market equity sub-fund covering China (to be benchmarked to FTSE Total China Index) and also the internally managed sleeve which will use FTSE Emerging Markets (excluding China) as its benchmark. This prior information notice relates specifically to investment management services for the emerging market equity sub-fund, where we have been working closely with our local authority partner funds to ensure the structure, risk and return objectives best meet their needs. We are seeking up to 2 active external China managers with a long-term, high conviction approach. Border to coast has produced an online presentation for managers interested in bidding for the specialist China mandate. This provides the background and selection process and can be found at https://www.bordertocoast.org.uk/china-equity-manager-procurement. The online presentation covers: • an update on border to coast; • the proposed structure of the emerging market equity sub-fund including the addition of up to two China managers; • details on our approach to selection and working with external manager partners. There will be an opportunity to ask questions on the online presentation which includes full details on how managers can request the invitation to tender documents.