The £3.4bn Lothian Pension Fund has appointed a framework of six asset managers for a £500m global unconstrained equities mandate. The firms – Baillie Gifford, Cantillon Capital Management, Nordea Investment Management, Lazard Asset Management, Harris Associates and Walter Scott & Partners – will be expected to manage a long-only portfolio consisting of equities and cash only with a performance target of 3% per annum over rolling five-year periods. Lothian said only three managers will be initially funded and the framework replaces the previous arrangement of two managers, Franklin Templeton and Lazard Asset Management.
Lothian Pension Fund
3 Apr 2012
The £3.4bn Lothian Pension Fund has appointed a framework of six asset managers for a £500m global unconstrained equities mandate. The firms – Baillie Gifford, Cantillon Capital Management, Nordea Investment Management, Lazard Asset Management, Harris Associates and Walter Scott & Partners – will be expected to manage a long-only portfolio consisting of equities and cash only with a performance target of 3% per annum over rolling five-year periods. Lothian said only three managers will be initially funded and the framework replaces the previous arrangement of two managers, Franklin Templeton and Lazard Asset Management.
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The £3.4bn Lothian Pension Fund has appointed a framework of six asset managers for a £500m global unconstrained equities mandate. The firms – Baillie Gifford, Cantillon Capital Management, Nordea Investment Management, Lazard Asset Management, Harris Associates and Walter Scott & Partners – will be expected to manage a long-only portfolio consisting of equities and cash only with a performance target of 3% per annum over rolling five-year periods. Lothian said only three managers will be initially funded and the framework replaces the previous arrangement of two managers, Franklin Templeton and Lazard Asset Management.
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