The Local Government Pension Scheme (LGPS) framework is to start receiving investment performance evaluation services from Ortec Finance.
The investment technology specialist won the mandate following a beauty parade. It will measure the performance of LGPS members’ investments with the aim of improving decision making.
Ortec’s UK managing director, Lucas Vermeulen, said the firm won the tender due to its knowledge of the industry gained through supporting pension funds for more than three decades.
This has involved providing tools and services to develop, implement and monitor their investment strategies.
Vermeulen said Ortec offers an holistic view of investment performance, which helps owners manage the complexity of investment decision-making.
“Investing is both more important, but less straightforward, than ever before so it is essential to have the right tools and insights to aim for long-term financial objectives, while simultaneously maintaining control and mitigating against risk.”
Vermeulen said the mandate cements the firm’s position in the UK.
This is the latest effort by the LGPS to improve investment outcomes. In March, KAS Bank was chosen to monitor the performance of the LGPS’ fund managers.
