Border to Coast Pensions Partnership, one of eight local government investment pools, has kicked off a search for an active manager to complement its existing global equity offering. 

The £40.3bn asset pool is seeking an active global equity manager with a track record of outperformance through a fundamental investment approach. The manager should be “philosophically aligned” with growth investing and able to identify emerging structural growth opportunities. The pool aims to complement its existing proposition in this space, of five global equity and two emerging market managers. 

The successful firm will also be required to integrate responsible investment into its processes and demonstrate alignment with Border to Coast’s net zero ambitions and decarbonisation objectives. 

Graham Long, head of external management at the pool, highlighted BtC’s strong relationships with managers and said: “We look forward to working closely with the appointed manager to ensure we deliver added value for partner funds.” 

Full details about the procurement are contained in the documentation that is available by emailing consultancy Mercer via bordertocoast@mercer.com. 

Last month, Border to Coast started a search for a manager to support its first equity index proposition, a global multi-factor equity index fund, which is expected to launch with more than £1bn of partner fund assets. 

BtC invests most of the assets of its owners, the pension funds of Bedfordshire, Cumbria, Durham, East Riding, Lincolnshire, North Yorkshire, South Yorkshire, Surrey, Teesside, Tyne and Wear, and Warwickshire.  

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