Brunel seeks managers for emerging market mandates
0LGPS pool Brunel Pension Partnership has lauched the search for a manager for its emerging markets investments.
The pool has sent documents to more than 100 firms who pre-registered for the tender, which closes later this month.
The portfolio size will be approximately £1.1bn, consisting of three or four individual mandates of between £200m and £500m, with returns of 2% to 3% being targeted.
Mark Mansley, chief investment officer at Brunel, said: “Managers will be afforded considerable flexibility, including the ability to invest outside the benchmark, in frontier markets, smaller companies, and developed market companies with significant emerging market exposure, but they should be able to cover the core emerging markets to start with.”
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