Funds

Syon Park, Hounslow

London LGPS CIV Global Equity Alpha Fund

Investment Manager: Allianz Global Investors GMBH, UK Branch

Investment Objective: The Sub-fund aims to achieve capital growth by outperforming the MSCI World Index Total Return (Net) by 2% p.a. net of fees.

Investment Policy: The ACS Manager intends to achieve the objective by investing principally in equity securities of global companies. The portfolio of international companies will be selected from a cross section of both geographical areas and economic sectors.

Launch date: 2 December 2015

London LGPS CIV Diversified Growth Fund

Investment Manager: Baillie Gifford & Co

Investment Objective: The Sub-fund’s objective is to achieve long term capital growth at lower risk than equity markets.

Investment Policy: The objective is to achieve long term capital growth at lower risk than equity markets by investing in a diversified portfolio of assets.

Launch date: 15 February 2016

London LGPS CIV Global Alpha Growth Fund

Investment Manager: Baillie Gifford & Co

Investment Objective: The Sub-fund aims to exceed the rate of return of the MSCI All Country World Index on a gross fee basis over rolling five year periods.

Investment Policy: The ACS Manager aims to achieve the investment objective by investing principally in global equities and equity-like instruments including convertible securities, preference shares, warrants, rights, exchange traded funds and depositary receipts.

Launch date: 11 April 2016

LCIV PY Global Total Return Fund

Investment Manager: Pyrford International Limited

Investment Objective: The Sub-fund’s objective is to provide a stable stream of real total returns over the long term with low absolute volatility and significant downside protection.

Investment Policy: The ACS Manager aims to achieve the objective by investing solely in the Pyrford Global Total Return (Sterling) Fund, a sub-fund of BMO Investments (Ireland) plc, an authorised open-ended investment company authorised by the Central Bank of Ireland as a UCITS, and cash and near cash.

Launch date: 17 June 2016

LCIV RF Absolute Return Fund

Investment Manager: Ruffer LLP

Investment Objective: The Sub-fund’s objective is to achieve low volatility and positive returns in all market conditions. Capital invested in the Sub-fund is at risk and there is no guarantee that a positive return will be delivered over any one or a number of twelve-month periods.

Investment Policy: The ACS Manager aims to achieve the objective by investing solely in the CF Ruffer Absolute Return Fund, a sub-fund of Asperior Investment Funds, an FCA authorised open-ended investment company, and cash and near cash.

Launch date: 21 June 2016

LCIV NW Real Return Fund

Investment Manager: Newton Investment Management Limited

Investment Objective: The Sub-fund’s objective is to achieve real rates of return in Sterling terms. The Sub-fund is managed to seek a minimum return of cash (1 month LIBOR) +3% per annum over 5 years net of fees.

Investment Policy: The ACS Manager aims to achieve the objective by investing solely in the Newton Real Return Fund, a sub-fund of BNY Mellon Investment Funds, an FCA authorised open-ended investment company, and cash and near cash.

Launch date: 16 December 2016

LCIV MJ UK Equity Fund

Investment Manager: Majedie Asset Management Limited

Investment Objective: The Sub-fund’s objective is to achieve a combined return of capital and income by outperforming the FTSE All-Share Index (Total Return) by 2% per annum net of fees annualised over rolling three year periods.

Investment Policy: The ACS Manager aims to achieve the objective by investing principally in UK equities and equity-like instruments with the remaining portfolio invested in non-UK equities and equity-like instruments. The ACS Manager may also invest in cash and near cash.

Launch date: 18 May 2017

LCIV NW Global Equity Fund

Investment Manager: Newton Investment Management Limited

Investment Objective: The Sub-fund’s objective is to achieve capital growth by outperforming the MSCI All Country World Index Total Return (Gross) by at least 1.5% per annum net of fees over rolling three year periods.

Investment Policy: The ACS Manager aims to achieve the investment objective by investing primarily in global equities. The ACS Manager may also invest in collective investment schemes, cash and near cash and equity-like instruments.

Launch date: 22 May 2017

LCIV LV Global Equity Fund

Investment Manager: Longview Partners (Guernsey) Limited

Investment Objective: The Sub-fund’s objective is to achieve long term capital growth.

Investment Policy: The ACS Manager aims to achieve the investment objective by investing predominantly in global equities. The ACS Manager may also invest in collective investment schemes, cash and near cash.

Launch date: 17 July 2017

LCIV EP Income Equity Fund

Investment Manager: EPOCH Investment Partners, Inc

Investment Objective: The Sub-fund’s objective is to achieve total returns over the long-term. The Sub-fund will have a bias towards income and aim to achieve a level of income greater than the MSCI World Index (Net).

Investment Policy: The ACS Manager aims to achieve the objective by investing primarily in global equities from a diversified portfolio of global companies

Launch date: 8 November 2017

LCIV HN Emerging Market Equity Fund

Investment Manager: Henderson Global Investors Limited

Investment Objective: The Sub-fund’s objective is to achieve long-term capital growth by outperforming the MSCI Emerging Market Index (Total Return) Net by 2.5% per annum net of fees annualised over rolling three year periods.

Investment Policy: The ACS Manager aims to achieve the objective by investing mainly in emerging market equities which will be selected from a cross section of both geographical areas and economic sections.

Launch date: TBC


 

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