We are delighted to announce that we are inviting applications from Emerging Market Equity Managers, with a focus on relative company valuations, for our LGPS Central Emerging Markets Equity Active Multi-Manager Fund. The successful strategy will be added to the existing sub-fund of the ACS.
It is expected 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 have 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. LGPSC is looking for active managers, which use a fundamental rather than quantitative approach, with evidence of robust performance in this style of investing.
Subject to slight variations as the process progresses, as a general guideline, the selected strategy will align to the following requirements. Please see below for more detail: