LGPS Central Limited Selects External Managers for Emerging Market Bond Fund

LGPS Central Limited is delighted to announce it has selected two external managers for its £900 million Global Active Emerging Market Bond Fund

The two managers selected are M&G Investments and Amundi, with each fund manager receiving half of the total mandate.

Over 70 fund managers from across the globe expressed an initial interest in tendering for the mandate.

Gordon Ross, Interim CIO and Investment Director for Fixed Income at LGPS Central Limited, said: “When we began the manager search for our Emerging Market Bond Fund, we were looking for candidates which displayed a robust and disciplined investment process, full transparency, value for money and commitment to responsible investment. I’m pleased that both M&G Investments and Amundi showed evidence of all these attributes in managing EMD products and we are very much looking forward to working with them as we deliver the returns our Partner Funds need for the long-term.”

Commenting on the announcement, Jonathan Willcocks, Global Head of Distribution at M&G Investments, said: “We are honoured to have been selected by LGPS Central Limited to manage this prestigious emerging market debt mandate. Our appointment is testament to the strength of our credit research and the importance we place on integrating ESG into our investment approach. For many years we have been proud to be an investment manager for Local Government Pension Schemes as we endeavour to provide the investment outcomes their members require.”

Ross Matsentides, Institutional Sales Manager at Amundi, added:We are thrilled to have been selected as a manager for LGPS Central Limited’s Global Emerging Market Debt Fund. Amundi has long been committed to the LGPS sector and to emerging markets where we have invested continually to ensure our investment capabilities stay ahead of the curve. We look forward to a long and successful partnership with LGPS Central Limited and its Partner Funds.”

In other Fixed Income news, LGPS Central Limited can also confirm that as of 1st May 2020 it is now running a discretionary £211 million UK Gilts mandate in-house on behalf of Nottinghamshire Pension Fund.

Our Partner Funds

Cheshire Pension Fund
Nottingham County Council
Staffordshire Pension Fund
West Midlands Pension Fund
Derbyshire Pension Fund
Leicestershire County Council Pension Fund
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