Border to Coast Pensions Partnership publishes on its website:
“Border to Coast Pensions Partnership (“Border to Coast”), one of the largest public sector pension pools in the UK, has appointed four specialist managers for its Multi-Asset Credit Fund. Subject to FCA approval, the Fund is scheduled to launch in the first half of 2021 with assets of £2.7bn.
Border to Coast is pleased to announce the successful specialist managers for its Multi-Asset Credit Fund are: Wellington Management – Global High Yield, Barings – Global Syndicated Loans, PGIM Fixed Income – Securitised Credit, Ashmore – Emerging Market Debt
The appointments follow an intensive manager selection exercise undertaken by Border to Coast, with support from Mercer. Over 110 managers applied and were assessed for technical quality, value for money and complementarity of fit across the portfolio. Significant emphasis was placed on the quality of the investment approach as well as the extent to which responsible investment factors were embedded in the investment process.”