1617-0028 — London Borough of Islington Pension Fund Management Services — Emerging and Frontier Mar

Descriptions

The London Borough of Islington Pension fund (the ‘Fund’) is seeking expressions of interest from investment managers that have the capability to manage c. 60 000 000 GBP of its assets on an active basis within both emerging and frontier markets.Current status / BackgroundThe Fund currently has a c. 7 % allocation to emerging market equity through two passive mandates (following respectively a market capitalisation and a fundamental indexation approach). The Pensions Sub-Committee agreed to reduce this allocation to c.6 % but also to evolve the allocation to move to an active emerging markets mandate that has significant exposure to frontier markets. It has also agreed to consider both debt and equity products as well as multi-asset fundsThe requirementAt this stage, applications will be accepted from managers who manage equity, bond, multi-asset or other mandates from these markets. The Fund is not interested in stand-alone emerging markets only or frontier markets only products. The Fund has discretion to amend the size of the investment and mandate requirements.The appointed investment manager(s) will be expected to manage the assets in accordance with the Local Government Pension Scheme regulations.