On the go: LGPS Central has selected BMO Global Asset Management and Western Asset Management to manage its £660m Multi-Asset Credit Fund.
The Local Government Pension Scheme pool awarded each manager half of the total mandate, in a tender that sparked the interest of more than 80 asset managers from across the world, a statement read.
According to Gordon Ross, chief investment officer and investment director for fixed income at LGPS Central, the pool has “a robust manager-selection process in place to ensure we choose the right fund managers to manage the assets of our partner funds”.
He said: “Our search included criteria on expected performance, a consistent investment process, value for money, full transparency and a commitment to strong environmental, social and governance integration.
“Both BMO and Western Asset displayed all these traits and have proven themselves to be worthy winners of this mandate. We look forward to working with them.”
LGPS Central manages the pooled assets of eight Midlands-based LPGS funds, with £45bn in assets collectively.
