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Local council hires global equity managers

17 December 2013

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The London Borough of Bromley Pension Fund has appointed three global equity investment managers.

The council selected Baillie Gifford, Blackrock and MFS International (U.K.) after it received 12 offers for the contract.

The investment managers have been hired to run long-only global equity mandates for the London Borough of Bromley Pension Fund.

In its original tender alert, the council stated that it was looking to appoint three managers to run in aggregate approximately 70% or around £370m of the fund's total assets of around £526m.

First published 17.12.2013

monique_simpson@wilmington.co.uk