Brunel selects low-vol managers with ESG ability

Brunel Pension Partnership, the manager of a set of pooled assets for ten local authorities in the UK, has selected Robeco and Quoniam Asset Management to each run £200 million (€234 million) in a low volatility global equities portfolio.

Brunel – which manages about £30 billion for ten local authority pension funds – had environmental, social and governance (ESG) criteria high up on its priority list when selecting the managers.

Mark Mansley, chief investment officer at Brunel, said: “For this search, two particular areas we were interested in were understanding how managers address risk of valuation bubbles in low volatility strategies, and their use of ESG considerations to help further reduce risk.”

The £400 million mandate is expected to increase to £600 million and the objective is to outperform global equity markets over the long term but with lower short-term volatility.

Redington Investment Consultancy advised Brunel, whose members include Avon, Cornwall, Devon, the Environment Agency, and Wiltshire.

©2019 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST