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Beyond active vs passive: LGPS seeks new paradigm for equity returns

(Stuart Dunbar, Ryan Boothroyd, credit: Mark Flynn)

With less than a quarter of active managers beating the benchmark, is it time for the LGPS to go passive? At Room151’s LGPS North Conference, Baillie Gifford’s Stuart Dunbar and Border to Coast’s Ryan Boothroyd take stock of equity challenges.

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Stuart Dunbar, client relationship director at Baillie Gifford, argued that the focus on active versus passive was the wrong paradigm to be focusing on. Instead, he drew

An increase in assets and improving funding levels paint a positive picture for the LGPS, but changes to contribution rates, valuation assumptions and costs reveal a more complex financial outlook.