Brunel appoints global high alpha managers

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LGPS pool Brunel Pension Partnership Limited has appointed five firms to mange investments in its global high alpha sub-fund.

AllianceBernstein, Baillie Gifford, Fiera Capital, Harris Associates and Royal London Asset Management has been appointed, and each will be allocated a share of the £2.6bn portfolio.

Matt Betts, senior investment officer at Brunel, said the managers “use a range of different specialist approaches to selecting global companies that they expect to outperform the market in the long term”.

He added: “They achieve this by focusing on an array of fundamental characteristics, employing tried and tested processes alongside innovative thinking that delivers consistent return profiles.”