LGPS pool appoints ACS operator for active equities
0Brunel Pension Partnership has appointed FundRock Management Company to operate the authorised contractual scheme (ACS) for its £7.5bn active equities portfolio. The firm will be responsible for meeting regulatory requirements and contractual arrangements on behalf of the pool.
Brunel will have responsibility over fund management, although this will be delegated to investment managers.
Joe Webster, Brunel’s chief operating officer, said: “The model we’ve selected frees us up to focus on choosing quality managers and lets FundRock do what they are good at.”
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