LGPS Central tenders £100m in EM equity
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LGPS Central, the local government investment pool with £55bn in assets under management, is inviting applications from emerging market equity managers, with a focus on relative company valuations, for its Emerging Markets Equity Active Multi-Manager Fund. The successful strategy will be added to the existing sub-fund of the ACS.
The pool expects that the new manager will be funded in early 2023 with a total value expected to be more than £100m.
"We are looking for an Active Emerging Market equity manager that already [has] a minimum of £250m of external client money invested at 30th September 2022, with a three-year track record (to the same date) in managing the emerging market equity strategy submitted for this procurement," the fund said.
The pool said it is looking for active managers which use a fundamental rather than quantitative approach, "with evidence of robust performance in this style of investing".
The pool said it is looking for active managers which use a fundamental rather than quantitative approach, "with evidence of robust performance in this style of investing".
To participate in the procurement, candidates must first register as a supplier on the In-tend portal: https://in-tendhost.co.uk/lgpscentral
The selection questionnaire(s) must be submitted via In-tend before midday on 13 January 2023. Any clarifications in relation to the questionnaire should be submitted on the In-tend procurement portal by midday on 6 January 2023.
Full details are available on the pool's website.
The selection questionnaire(s) must be submitted via In-tend before midday on 13 January 2023. Any clarifications in relation to the questionnaire should be submitted on the In-tend procurement portal by midday on 6 January 2023.
Full details are available on the pool's website.
