On the go: Master trust Nest inviting tenders from fund managers to run an actively managed global investment grade corporate bond fund.
Nest, which has over 4.5m members, will add the fund to its existing range of ‘building blocks’ funds that make up the scheme’s retirement date funds and some alternative fund choices.
The new fund manager must have “a high quality repeatable investment process, a robust risk management framework and [consider] environmental, social and governance factors.”
Commenting on the search, Mark Fawcett, Nest’s chief investment officer, said:
“Nest already has exposure to UK investment grade corporate bonds and expanding into this asset class is a natural progression as our assets under management continues to grow.
“Adding global investment grade corporate bonds to our funds supports Nest’s diversification strategy and gives us opportunities to earn the best stable returns necessary in order to support our long-term investment objectives.”
Interested parties can submit their tenders via Nest’s e-tendering portal at https://nesttenders.bravosolution.co.uk no later than 12.00 noon, February 15 2019.
