# PP18044 - LGPS Central Active Global Emerging Market Equities

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Wolverhampton City Council](/buyers/wolverhampton-city-council/contract-awards)
- Contract winner: BMO Global Asset Management \(formerly F&C\)
- Award value: £26,000,000
- Tender value: £26,000,000
- Award date: 15 January 2019
- Published: 28 January 2019
- Contract start: 1 February 2019
- Contract end: 30 June 2029
- Stage: awarded
- Procurement category: services
- Notice ID: 9f4f9642-9146-41a1-b338-c25032bc09e5-266203
- OCID: ocds-b5fd17-5f31cbf6-bf95-4af3-9173-81ea432e7eca

## Description

LGPS Central Limited is a private company, owned by its investors, responsible for the pooling of nine regional pension plans' investments, responsible for AUM in the region of £40billion\. The company received authorisation from the FCA in January 2018\. The key objectives of the LGPS Central pool are to: - meet the investment objectives of the partner funds - establish a collaborative platform through which administering authorities of the partner Funds can aggregate their pension assets, with a view to providing scale economies and improved investment efficiency - create capacity to invest in asset classes which individual funds may find difficult to access - stimulate innovation, and provide an opportunity for funds to engage with the investment industry in finding new and creative approaches to the funding challenges faced by the LGPS \(and the wider pensions sector\) - act as a responsible, long-term investor, using its influence as a shareholder to promote the highest standards of corporate stewardship The company is looking for global active emerging markets equity managers to manage a fund in the region of £1\.5billion\. Successful candidates will be able to demonstrate: - consistent, robust, repeatable, investment process - responsible investment at the heart of the investment process - concentrated portfolio - low, fully transparent costs - full transparency \(look through\) with the ACS custodian Additional information: The partnership is made up of the local authority pension schemes of Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Staffordshire, Shropshire, West Midlands, Worcestershire & West Midlands ITA\. All queries and bids must be submitted via the portal at www\.wolverhamptontenders\.com Please allow sufficient time to upload your response\.

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- [CWC26149 - BCT A461 FBC](/contracts/ocds-b5fd17-7598ba41-51b4-419a-8ddf-f306685777e3): Wolverhampton City Council

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/9f4f9642-9146-41a1-b338-c25032bc09e5-266203)