Asset managers signed up to the ’Code of Transparency’ are listed below. The Code is voluntary with LGPS asset managers encouraged to sign up to it to demonstrate their commitment to transparent reporting of costs.

 

Investment Manager

Manager information

Aberdeen Standard Investments Standard Life Aberdeen plc was formed in August 2017 (following the merger of Standard Life plc and Aberdeen Asset Management plc). Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments and has €575.7 billion of assets under management, as at 31 December 2017. As a combined business, we remain committed to a team-based, fundamental-driven approach to active management, with a strong focus on our fiduciary and stewardship responsibilities over the long term. We are broad and diverse and continue to be focused on delivering distinct client outcomes, incorporating talent and capabilities from both firms.
We have a long track record of managing assets on behalf of LGPS members. Being committed to this market, we fully support the Code of Transparency to enable full and transparent reporting to clients.
AGF Founded in 1957, AGF is a premier Canadian-based investment solutions firm headquartered in Toronto with solid financial performance, talent and client relationships. AGF is listed on the Toronto Stock Exchange. We currently manage approximately US$30 billion.
Our institutional offerings in the UK and Europe have attracted clients from the UK, Italy, Denmark, Switzerland and the Middle East. Our focus is on long only equity strategies and infrastructure. Our key Institutional offerings currently are Global Equity and Emerging Markets (GARP). The Global equity and Emerging Markets (GARP) strategies are managed out of our Toronto office. Our infrastructure initiative is led by the seasoned infrastructure veteran Greg Smith and targets mid-market opportunities in North America.
We are delighted to sign up to the Code of Transparency providing clear and transparent reporting of costs for our LGPS clients.
For more information please contact Brian Brennan This email address is being protected from spambots. You need JavaScript enabled to view it.
AllianceBernstein AllianceBernstein (AB) is a leading investment-management firm with £406 billion in client assets under management, as of November 30, 2017. We provide forward-looking perspective, independent research and investment discipline across asset classes, from equities and fixed income to alternatives and multi-asset portfolios. Through our unique combination of expertise, research and global reach, we apply collective insights and leverage our extensive global footprint to help keep our clients at the forefront of change.
Our clients include pension funds, central banks, sovereign wealth funds, insurers, foundations, financial advisers and individual investors. In the UK we have a long history of managing assets on behalf of LGPS members across all asset classes and fully embrace the Code of Transparency and its commitment to clear and transparent reporting.
Contact: Nicholas Gardner ( This email address is being protected from spambots. You need JavaScript enabled to view it. )
Allianz Global Investors Allianz Global Investors is a diversified active investment manager with a strong parent company and a culture of risk management. With 25 offices worldwide, we provide global investment and research capabilities with consultative local delivery. We have around EUR 500 billion in AUM for individuals, families and institutions worldwide and employ over 650 investment professionals. AllianzGI has relationships with UK LGPS on an active basis across fundamental global equity, multi factor global equity, UK infrastructure debt and global fixed income strategies.
Allianz Global Investors supports the LGPS Transparency Code in providing transparent reporting to clients. Please contact Jo Wheatley ( This email address is being protected from spambots. You need JavaScript enabled to view it. ) for more details.
Data as of 30 June 2017. Includes AuM of entities held for sale.
Amundi Amundi is Europe’s largest asset manager by assets under management and ranks in the top 10 globally. Thanks to the integration of Pioneer Investments, it now manages more than EUR 1.4 trillion of assets across six main investment hubs. Amundi offers its clients in Europe, Asia-Pacific, the Middle-East and the Americas a wealth of market expertise and a full range of capabilities across the active, passive and real assets investment universes. Headquartered in Paris, and listed since November 2015, Amundi is the 1st asset manager in Europe by market capitalization.
Leveraging the benefits of its increased scope and size, Amundi has the ability to offer new and enhanced services and tools to its clients. Thanks to its unique research capabilities and the skills of close to 5,000 team members and market experts based in 37 countries, Amundi provides retail, institutional and corporate clients with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.
Amundi is delighted to adhere to the LGPS Code of Transparency principles and to provide a fully transparent cost structure to its clients.
Amundi. Confidence must be earned.
Contact : Frederic Barthelemy, This email address is being protected from spambots. You need JavaScript enabled to view it.
AQR Capital Management LLC AQR is a global investment management firm dedicated to delivering results for our clients. At the nexus of economics, behavioral finance, data and technology, AQR’s evolution over two decades has been a continuous exploration of what drives markets and how it can be applied to client portfolios. Our culture of intellectual curiosity compels us to challenge the status quo, disrupt long-held beliefs and uncover new insights.
As of April 2, 2018, the firm has 35 principals and 914 employees; nearly half of employees hold advanced degrees. We are based in Greenwich, Connecticut, with offices in Boston, Chicago, Hong Kong, London, Los Angeles, and Sydney. As of March 31, 2018, AQR had approximately $225 billion in assets under management.
Transparency is an important part of our firm’s culture, and we are proud to be a part of this commitment to transparent reporting.
For further details please contact Daniel Heffernan ( This email address is being protected from spambots. You need JavaScript enabled to view it. ).
Artemis Established in 1997, Artemis Investment Management LLP, manages £27bn of assets (31.03.2018), across a broad range of high conviction, unconstrained mandates. We are a stable partnership of experienced investors with strong long-term track records. The firm is structured to allow our fund managers to focus purely on managing assets, which has enabled us to attract the talent that has been instrumental to the firm’s success.
Currently, Artemis employs around 180 people and has offices in London and Edinburgh. Over the years, our four founders have been joined by 26 experienced fund managers who aim to exploit market inefficiencies with an absolute return mind-set in order to generate maximum returns. Our investment teams employ a number of different investment philosophies and processes that are specific to each strategy. An entrepreneurial culture of independent thinking has allowed our fund managers’ flair and enthusiasm for asset management to flourish.
Artemis recognises the importance of transparent reporting of costs and is therefore delighted to provide its full support to the LGPS Code of Transparency.
Contact: Victoria Heffer, This email address is being protected from spambots. You need JavaScript enabled to view it.
AXA Investment Managers At AXA Investment Managers we have a long history of providing investment and risk management solutions to the LGPS and we have a clear commitment to work in partnership with our clients. To address the evolving needs of the LGPS, including meeting the challenges of pooling, we design and implement investment solutions that combine our clear understanding of the issues faced by the LGPS with an innovative mind set. Harnessing our extensive investment capabilities we seek to address clients’ needs for:
  • Superior returns and yield enhancement
  • Effective risk management and cash flow delivery
  • Responsible investment including ESG factor integration, and impact investing
  • Strong governance support and provision of transparent, value for money solutions
AXA IM is delighted to be a signatory to the LGPS Code of Transparency and we recognise the ongoing importance of ensuring that our clients have a full understanding of the cost of delivery of our service to them.
For more information please contact Tracey Milner: This email address is being protected from spambots. You need JavaScript enabled to view it.
Barings Barings is a $305 +billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. Part of MassMutual, we have the financial stability and flexibility to take a long-term approach. With 1,800+ professionals across offices in 16 countries, Barings’ global footprint gives us a broader perspective, access to a diverse set of opportunities and the ability to truly partner with our clients to invest across global markets. Barings is delighted to provide its support to the LGPS code of transparency. Please contact Neil Godfrey: This email address is being protected from spambots. You need JavaScript enabled to view it. or Alex Harley: This email address is being protected from spambots. You need JavaScript enabled to view it. for more detail *All figures are as of March 31, 2018.
Baillie Gifford Baillie Gifford is an independent asset management company based in Edinburgh. Founded in 1908 and still structured as a partnership, it manages assets for clients across the world. This includes active equity, multi asset and fixed income mandates for over 40 LGPS funds, with several relationships exceeding 25 years.
We are delighted to support the Code of Transparency and believe that full cost disclosure will lead to a greater understanding of the investment process, better cost management and improved outcomes for investors.
Contact: Tom Wright This email address is being protected from spambots. You need JavaScript enabled to view it. or Piers Lowson This email address is being protected from spambots. You need JavaScript enabled to view it. for more details.
BlackRock BlackRock were supportive of the Code of Transparency initiative from the start, and participated in designing the common industry standards used to provide cost data to our LGPS clients. We look forward to providing the data for the first reporting period in 2018.
BlackRock has been managing portfolios for local authorities for over 30 years, with £16.4bn in assets for 77 LGPS clients. Our mandates span a vast range of asset classes and investment styles, including: Index Equities & Fixed Income, Active Equities & Fixed Income, Diversified Growth / Multi Asset, Private Equity & Private Credit, Secure Income, Hedge Funds, Cash, & Transitions.
Our local authority team comprises a group of professionals spanning pension and treasury relationships & independent and investment advisor relationships which include transition services, ETFs and alternative product specialists, with an average industry experience of 17 years.
Please contact Christopher Head This email address is being protected from spambots. You need JavaScript enabled to view it. , Katie Jupp This email address is being protected from spambots. You need JavaScript enabled to view it. , or Peter Hunt This email address is being protected from spambots. You need JavaScript enabled to view it. for further details.
BMO BMO Global Asset Management is a global investment manager with offices in more than 25 cities in 14 countries, delivering service excellence to clients across five continents. We offer an established range of global investment capabilities and solutions including Liability Driven Investment, Active Fixed Income, Specialist Equity, Property, ESG, and Alternative strategies including Risk Premia.
Our four major investment centres in Toronto, Chicago, London and Hong Kong are complemented by a network of world-class boutique managers strategically located across the globe: BMO Real Estate Partners, LGM Investments, Pyrford International Ltd. and Taplin, Canida & Habacht, LLC.
BMO Global Asset Management has £189.3 billion in assets under management (as at 30 June 2017) and is a signatory of the United Nations-supported Principles for Responsible Investment initiative (UNPRI).
For additional information please contact: Paul Myles, Director, Sales & Client Relationships at BMO Global Asset Management on: This email address is being protected from spambots. You need JavaScript enabled to view it. / 020 7011 5230
BNP Paribas Asset Management BNP Paribas Asset Management is the investment management arm of BNP Paribas, one of the world’s major financial institutions. Managing and advising on assets of EUR 568 billion (as at 31 March 2018), BNP Paribas Asset Management offers a comprehensive range of active, passive and quantitative investment solutions covering a broad spectrum of asset classes and regions. With more than 500 investment professionals and around 400 client servicing specialists, BNP Paribas Asset Management serves individual, corporate and institutional investors in 72 countries around the world. Since 2002, BNP Paribas Asset Management has been a major player in sustainable and responsible investing. We are very pleased to support the LGPSAB Code of Transparency.
BNY Mellon Investment Management BNY Mellon is a global investments company dedicated to helping its LGPS clients manage and service their financial assets throughout the investment lifecycle. We have offices in 35 countries and more than 100 markets to deliver a global reach for all our clients and (at 31 Dec 2017) over $33.3 trillion in assets under custody and/or administration and $1.9 trillion in assets under management. We have multiple world-class investment boutiques representing a broad spectrum of distinctive asset management styles allowing us to build and manage investment strategies that address the ever changing needs of our clients. We are a multi-cultural business that shares a common drive for quality in both the solutions that we offer and the service we provide. Please contact Kenneth Tomlin ( This email address is being protected from spambots. You need JavaScript enabled to view it. ) for further details.
Border to Coast  Border to Coast Pensions Partnership is a pool of 12 Local Government Pension Scheme funds with collective assets under management of c. £47bn. Border to Coast will be investing on behalf of Bedfordshire, Cumbria, Durham, East Riding, Lincolnshire, Northumberland, North Yorkshire, South Yorkshire, Surrey, Teesside, Tyne and Wear and Warwickshire. As a customer-owned and customer-focused organisation, Border to Coast is committed to providing clear, concise and fully transparent reporting to its customers and other stakeholders. Border to Coast is also a strong advocate of responsible investment and holding companies to account on environmental, social and governance issues and views that transparency in reporting is a key part of this. Border to Coast expects the same values from those asset managers with whom we work. Find out more at https://www.bordertocoast.org.uk.
Contact Andrew Stone or Mathew Dawson at This email address is being protected from spambots. You need JavaScript enabled to view it.
Brunel Pension Partnership Brunel Pension Partnership brings together £28 billion investments of 10 likeminded Local Government Pensions Scheme funds. We are one of eight national pooled funds, and will oversee the investment of the pension assets for the funds of Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset, and Wiltshire. Being open and transparent is a core part of the Brunel Pension Partnership Investment Principles. We believe in the importance of being transparent and accountable, to ensure correct decisions are taken and to minimise risk. This applies in our own operations, those we work with, and their investments. In short, we believe in making long-term sustainable investments supported by robust and transparent process. We are here to protect the interests of our clients and their members. In collaboration with all our stakeholders we’re forging better futures by investing for a world worth living in. Find out more at https://www.brunelpensionpartnership.org Contact: Matthew Trebilcock, Client Relationship Director, This email address is being protected from spambots. You need JavaScript enabled to view it.
Canada Life Investments Canada Life was founded in 1847, our parent business is part of the Great-West Life Group, which manages £750 billion in assets, across the globe. In our 100-strong London office, Canada Life Investments manages more than £37 billion in fixed income, property and equities, as well as a comprehensive multi-asset range. We believe we are able to offer the size and financial strength of a large global institution, as well as the customer focus and service levels of a boutique organisation.
For more Information on Canada Life Investments, please contact James Stoddart at This email address is being protected from spambots. You need JavaScript enabled to view it.
Capital International Limited Founded in 1931, Capital Group is an independent employee-owned asset management company. We have managed the assets of UK LGPS clients since our first appointment in 1993 and are proud of our long relationships in the sector.
We are delighted to commit to the Code of Transparency and believe that clear, fair and transparent reporting of costs is a key tenet of our role as stewards of local authority assets. Please contact Stephen Gosztony This email address is being protected from spambots. You need JavaScript enabled to view it. or Louise Barnard This email address is being protected from spambots. You need JavaScript enabled to view it. for more details.
Columbia Threadneedle Columbia Threadneedle Investments is a long-term manager of LGPS assets in the UK. We believe in fair, clear and transparent reporting of costs and are proud to be signatories to the LGPS Transparency Code. Columbia Threadneedle Investments manages assets for institutional and individual clients around the world with more than 450 investment professionals globally. We aim to deliver strong and repeatable risk-adjusted returns through an active and consistent investment approach that is team-based, risk-aware and performance-driven. Responsible investment is integral to our investment philosophy and approach: we strive to be responsible stewards of our clients' assets within a framework of good governance and transparency. With a broad range of investment strategies and solutions, we are committed to delivering better outcomes for our clients through first class client service and investment excellence.
Please contact Moira Gorman This email address is being protected from spambots. You need JavaScript enabled to view it. for more details.
Dodge & Cox Established in 1930 in San Francisco, Dodge & Cox is one of the most experienced and largest independent money management firms in the world. The firm provides professional investment management services to individuals, advisors, corporations, retirement funds, and tax-exempt institutions through funds and separate accounts, including the Dodge & Cox Worldwide Funds, which are available in the UK. Dodge & Cox’s independence allows the firm to make decisions we believe to be in the best long-term interests of clients and shareholders. The firm's investment philosophy is built on traditional principles: maintaining a long-term focus, conducting independent research, and employing a rigorous price discipline. Dodge & Cox is pleased to adopt the LGPS Code of Transparency.
DWS With around €710 billion of assets under management (September 2017), DWS is one of the world’s leading investment managers. DWS offers individuals and institutions traditional and alternative investments across all major asset classes.
Not just a global firm, we are a truly global organisation. DWS is united in the pursuit to deliver innovative solutions and sustainable performance, no matter the product. With 60 years in Active, 40 years in Alternatives and over 10 years in Passives, we are leaders in our fields of investment.
A big driver for the creation of innovative solutions, are our people and their fresh thinking. Agility of minds is paired with diversity of our teams as we are convinced that different perspectives lead to better outcomes. Today, we combine creativity and intelligence with technology to develop new ways of serving the financial needs of our diverse clientele worldwide.
Please contact This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it. for further details. .
Epoch Investment Partners Inc Epoch Investment Partners Inc, is an asset management company headquartered in New York with offices in Chicago and the U.K. Founded in 2004, Epoch manages long-only Global and US equity mandates for over 100 institutional clients worldwide including a number of LGPS clients in the UK. As at the end of December 2017, total AUM was in excess of £35bn.
Epoch's investment process seeks to invest in companies that are managed with a focus on growing free cash flow which they then use to create value for shareholders. We believe that how a company generates and allocates cash provides a far greater insight into likely share value appreciation than subjective, more traditional valuation techniques.
Epoch is committed to the LGPS market and is pleased to adopt the Code of Transparency to enable full and transparent reporting to its clients. For further information please contact Kate Rickards; This email address is being protected from spambots. You need JavaScript enabled to view it. , www.eipny.com.
Fidelity International Fidelity International offers world class investment solutions and retirement expertise. As a privately owned, independent company, investment is our only business. We are driven by the needs of our clients, not by shareholders. Our vision is to deliver innovative client solutions for a better future. We invest £234.2bn globally on behalf of clients in 25 countries across Asia-Pacific, Europe, the Middle East, and South America. Our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals. The Code marks Fidelity’s commitment in improving investment cost transparency for its LGPS clients. Providing the necessary tools to easily allow Fidelity’s clients to make informed investment decisions has always been a priority. Fidelity welcomes this initiative and recognises the importance in working together as an industry to provide a unified and transparent approach to the reporting of investment costs. For more information, please contact This email address is being protected from spambots. You need JavaScript enabled to view it.
Fisher Investments Europe Fisher Investments Europe (FIE), based in London and authorised and regulated by the Financial Conduct Authority (FCA), is wholly owned by Fisher Asset Management, LLC, trading as Fisher Investments (FI). FI is an investment adviser registered with the US Securities and Exchange Commission (SEC). Since inception in 1979, FI has been 100% Fisher-family and employee-owned. FI is a leading independent investment adviser managing over $100 billion (as of 31 January 2018). FI and its subsidiaries consist of four business units – Fisher Investments Institutional Group (FIIG), Fisher Investments US Private Client Group, Fisher Investments International Private Client Group, Fisher Investments 401(k) Solutions Group. These groups serve a global client base of diverse investors including corporations, public and multi-employer pension funds, foundations and endowments, high-net-worth individuals, insurance companies, healthcare organizations, and governments. FIIG offers a broad array of US, non-US and global investment portfolio strategies with various capitalization and style orientations.
To contact us please call +44 (0)800 144 4730 or email: This email address is being protected from spambots. You need JavaScript enabled to view it. .
Franklin Templeton Investments Franklin Templeton Investments is one of the world’s largest dedicated asset management companies. For more than six decades, we have been committed to delivering exceptional risk-adjusted returns over the long-term. A single-minded focus on investment excellence supported by a global presence and perspective enables us to offer a breadth of solutions that few can match. Franklin Templeton’s institutional business development and client servicing teams have considerable experience in providing tailored services to local authority and corporate pension funds, consultants, charities, and other institutional investors.
We are delighted to support the LGPS Code of Transparency and are committed to providing our clients with full and transparent reporting of costs.
For more information please contact Chris Orr ( This email address is being protected from spambots. You need JavaScript enabled to view it. / 020 7073 8552).
Goldman Sachs Asset Management International Goldman Sachs Asset Management is one of the world’s leading investment managers. We have partnered with Local Government Pension Schemes in the UK for more than 20 years with solutions spanning fixed income, money markets, public equity, commodities, hedge funds, private equity and real estate. Our clients benefit from the scale of our organisation, our innovative market leading solutions and our dedication to building strategic partnerships with our clients. Goldman Sachs Asset Management International is pleased to adopt the Code of Transparency to encourage full and transparent reporting to clients. For further information please contact Jason Freeman This email address is being protected from spambots. You need JavaScript enabled to view it. or David Thomas This email address is being protected from spambots. You need JavaScript enabled to view it.
Harding Loevner Founded in 1989, Harding Loevner is a long-only equities manager and adheres to a philosophy of investing only in high-quality, growing companies worldwide. To identify portfolio holdings, we conduct in-depth fundamental research of companies and their industry competitive positions to assess the prospects for long-term value creation. Our team utilizes a consistent analytical framework that fosters constructive debate while preserving individual accountability for all investment decisions. This culture of collaboration without consensus exploits the benefits of cognitive diversity and mitigates the biases of human decision-making to develop investable insights and convert them into returns for our clients. The firm is headquartered in Bridgewater, New Jersey, a suburb of New York City, with a satellite office in London. For additional information, please contact Kevin Ferguson at This email address is being protected from spambots. You need JavaScript enabled to view it. .
Harris Associates L.P. Harris Associates L.P. was founded in 1976 by dedicated investment professionals who believed that delivering successful investment results for clients requires a consistent investment philosophy, a commitment to superior investment research, and a high level of customer service.
We believe Harris distinguishes itself in its steadfast conviction to invest where we see the greatest value. This conviction, backed by discipline and consistency, forms the foundation of our philosophy: to pursue superior results over time by investing as owners in high-quality companies at a significant discount to their true economic value.
We put our philosophy into practice with a rigorous, fundamental research process. One distinctive aspect of our process is our generalist approach to finding and evaluating potential investments. Our experienced Research team analyzes value opportunities on an absolute basis, without regard to country, sector or industry. Our long-term investment horizon allows us to steer clear of the emotion of day-to-day stock price movements and instead concentrate on enduring business fundamentals.
Another advantage at Harris is that our portfolios are focused to enable our best ideas to exert a meaningful effect on performance.
Finally, we believe all of our clients deserve individual attention, and to that end, we strive to provide the highest quality of care while helping them pursue their investment objectives
HSBC Global Asset Management HSBC Global Asset Management is the asset management division of and wholly-owned by HSBC Holdings plc, one of best capitalised and well reputed financial services organisations in the world. We offer LGPS clients a range of global and local investment capabilities including equity, fixed income, liquidity, alternative and multi-asset strategies and very much welcome the introduction of the Transparency Code. We believe that HSBC Global Asset Management is well placed to provide a globally-consistent, disciplined, investment process across our capabilities in order to deliver positive outcomes for our clients.
www.assetmanagement.hsbc.com
Insight Investment Insight[1] is one of Europe’s largest investment managers[2] responsible for £552bn[3] in assets under management (AUM) across fixed income, risk management strategies including liability-driven investment (LDI) and currency risk management, absolute return and multi-asset capabilities. We manage c. £9bn aum for the LGPS across multiple strategies. Based in London, Insight is a specialist asset manager with a global network of operations in the UK, US, Japan and Australia. Our clients include pension funds, corporates, local authorities, insurers, sovereign wealth funds, wealth managers, financial institutions and supra-nationals.
[1]Insight is the corporate brand for certain companies operated by IIML. Insight includes, among others, Insight Investment Management (Global) Limited (IIMG), Pareto Investment Management Limited (PIML), Cutwater Asset Management Corp. (CAMC), Cutwater Investor Services Corp. (CISC) and Insight North America LLC (INA), each of which provides asset management services.
[2]Source: IPE, June 2016. Insight is ranked third out of the top 120 European institutional managers by total AUM for external Europe-domiciled institutional clients.
[3]Data as at 30 September 2017. AUM are represented by the value of cash securities and other economic exposure managed for clients.
Invesco Invesco’s association with Local Government Pension Schemes goes back 20 years, providing focused investment strategies and initiatives that recognise the specific needs of this sector. With a long-established reputation serving UK clients, Invesco is one of the world’s leading independent investment firms and manages £722bn in assets and operates in 25 countries (May 2018).
Through our pure focus on investing, breadth of investment capabilities and global organisation, Invesco is well positioned to help clients achieve their long-term financial objectives. We offer diversified strategies spanning equities, fixed income, multi asset, real estate and alternatives, together with outcome-orientated portfolios to reflect investors’ specific constraints, liabilities and objectives.
Invesco has implemented Environmental, Social and Governance (ESG) strategies for 30 years, and we believe integrating ESG practices into our activities can positively impact the value we provide - and help ensure a sustainable environment for future generations. We promote responsible investing through industry forums including PRI, and encourage companies we invest in to adopt ESG practices. Invesco are pleased to have been early signatories of the LGPS Code and fully support the Scheme Advisory Board’s move to set a gold standard in cost transparency.
Please contact This email address is being protected from spambots. You need JavaScript enabled to view it. , This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it. – or visit www.invesco.co.uk.
Investec Investec Asset Management provides investment products managing approximately £95 billion on behalf of institutions, advisory clients and individuals. Our clients include pension funds, central banks, sovereign wealth funds, insurers, foundations, financial advisers and individual investors. We have a dedicated approach to managing all our local government relationships. In this exceptional evolutionary period for the LGPS there is rightly a focus on the effective and efficient establishment of the pools to improve cost and collaboration across the sector. During this busy time we have maintained a focus on helping officers by continuing to support the important educational development of members, allowing officers to maintain a focus on the establishment of the pools.
For more information contact This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.
Janus Henderson Formed in 2017 from the merger between Janus Capital Group and Henderson Group, we are committed to adding value through active management. We have US$360.5bn in assets under management, more than 2,000 employees and offices in 27 cities worldwide (as at 30 September 2017).We offer expertise across all major asset classes, with investment teams situated around the world.

We are delighted to sign up to the Code of Transparency providing clear and transparent reporting of costs for our LGPS clients and we are proud of our long association with public sector funds. We have a long history of working with LGPS pension funds and are currently manage over £2.7bn( as at 30 September 2017) for 18 local government pension schemes across a range of asset classes and innovative investment solutions.

For more information please contact Mark Fulwood ( This email address is being protected from spambots. You need JavaScript enabled to view it. ) and Oliver Miller ( This email address is being protected from spambots. You need JavaScript enabled to view it. ).

J.P. Morgan Asset Management J.P. Morgan Asset Management is committed to delivering excellence in investment performance, the broadest range of products, and the highest quality of client service and global coverage. With more than 1,100 investment professionals based in over nearly 20 countries worldwide, our significant resources span all the major asset classes, from traditional equities, bonds and cash to alternative strategies – including hedge funds, private equity and property. Our enduring commitment to putting clients’ interests first sits at the heart of our fiduciary responsibility, underpinning every decision we make on their behalf. It is this commitment that empowers us to develop world-class investment solutions, offer actionable advice and execute strategies designed to generate the excess returns our clients need.
Jupiter Asset Management Founded in 1985 as an independent investment manager, Jupiter has become one of the UK’s most successful and respected asset management groups. Headquartered in London with offices in Europe and Asia and a distribution reach that includes the Middle East and Latin America, the company employs over 500 people worldwide and manages £50.2bn (as at 31.12.17) on behalf of institutional and retail investors. As a dedicated, active fund manager, we seek to add value for our clients through the delivery of investment outperformance over the medium to long term.
For over thirty years we have successfully employed our active investment management approach based on original thought and true conviction investing. We believe that the key to our continued success is our ability to attract and retain talented investment managers who are committed to seeking outperformance over the medium to long term. Having the right human talent and nurturing an environment where they can thrive is a central part of our commitment to our clients. As we have grown, our strong culture has been essential in keeping our entrepreneurial, talent-driven spirit.
Jupiter offers a broad range of actively managed strategies including equities, fixed income, multi-asset, multi-manager and absolute return. As such we have a range of investment solutions with the potential to meet the long-term needs of our clients and to help partner with institutional investors.
As part of our commitment to offering the best investment solutions for our clients we recognise the importance of full disclosure and transparency when reporting to clients. We are therefore delighted to adopt and support the LGPS Code of Transparency.
For more information please contact Jill Barber This email address is being protected from spambots. You need JavaScript enabled to view it. / 020 3817 1151
Kames Capital Kames Capital is a UK-based investment management business. From Edinburgh, London and The Hague our 94 investment professionals manage £44 billion* on behalf of UK and international clients, including pension funds, financial institutions, charities, wealth managers, family offices and individuals. We have capabilities in fixed income, equities, property, cash and multi-asset investing and invest to meet a range of client objectives, including growth, income, total return and absolute return. We are also a global leader in sustainable investing.
Our mission is to use our investment management expertise to help people achieve a lifetime of financial security. We aim to:
  • Deliver superior investment performance that meets or exceeds our clients’ expectations with an appropriate level of risk;
  • Build long-term, trusting relationships with our clients by providing industry-leading levels of service; and
  • Provide a robust, efficient and compliant operational platform that supports our clients’ investment needs.
Kames Capital is part of Aegon Asset Management, an international group of investment management businesses owned by Aegon NV, one of the world’s leading providers of financial services.
KBI Global Investors KBI Global Investors (KBIGI) is a specialist equity boutique, established in Ireland in 1980 with AUM over £8.9 billion* (at 31/12/2017). KBIGI offers clearly differentiated, actively managed global long only equity products to its institutional clients, on a segregated and unitised basis.
Our primary objective is to enhance investment performance through specialisation and innovation. We offer two suites of highly differentiated investment strategies. We were first to develop a fully diversified “all industries and regions” global equity strategy, using a dividend based methodology – and, guided by our principle of being first to market with value-adding investment themes of the future, were amongst the vanguard in launching a range of natural resource solution strategies (Water, Agribusiness and Energy Solutions), propositions which we continue to evolve. Continuing this innovation, KBIGI are the first company to launch a sustainable listed infrastructure strategy.
We are committed to the LGPS market and fully support the Code of Transparency to enable full and transparent reporting to clients.
Lazard Asset Management Since 1848, Lazard has remained a trusted advisor to governments, financial institutions, public and private pension schemes, financial advisors, and individuals around the world. Our clients are discerning, and seek high-quality and versatile investment solutions; we provide an array of strategies to meet their diverse objectives. Our investment professionals operate independently and collaborate globally, vetting our best ideas through rigorous analysis to deliver the return patterns our clients expect. We have a global presence with 14 offices worldwide, a team of over 250 highly skilled and experienced investment professionals and £161.2 billion invested on behalf of our clients around the world, as at 31 March 2018.
We are delighted to sign up to the Code of Transparency providing clear and transparent reporting of costs for our LGPS clients.
Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Legal & General Investment Management (LGIM) Legal & General Investment Management (LGIM) is the investment management arm of Legal & General Group, a FTSE 100 company. LGIM is one of Europe’s largest institutional asset managers and a global investor, with a heritage dating back to 1836.
As the largest manager of local authority assets, LGIM has been working in partnership with local authorities to help meet their needs for over 25 years.
We believe in clear and transparent reporting. LGIM is delighted to commit to the Code of Transparency and support our LGPS clients.
Please contact This email address is being protected from spambots. You need JavaScript enabled to view it. for more details.
LGPS Central Limited LGPS Central Limited, one of the 8 operators of Local Government Pension Scheme investment pools, is an FCA regulated fund manager which launched in April 2018. With offices in Wolverhampton and Matlock, LGPS Central Limited has approximately £13bn of assets under management and employs 46 staff. The Company manages the investment assets of its 9 Partner Pension Funds – Cheshire Pension Fund, Derbyshire Pension Fund, Leicestershire Pension Fund, Nottinghamshire Pension Fund, Shropshire Pension Fund, Staffordshire Pension Fund, West Midlands Integrated Transport Authority Pension Fund, and the West Midlands Pension Fund. The combined assets of these funds is approximately £40bn, invested on behalf of over 900,000 scheme members across over 2000 employers. For further information, please contact Callum Campbell – This email address is being protected from spambots. You need JavaScript enabled to view it.
Lombard Odier Asset Management (Europe) Limited Lombard Odier Asset Management (Europe) Limited is part of the Lombard Odier Group, which has been wholly owned and funded by its partners since its establishment in 1796. Our clients enjoy the benefits of our heritage, and our combination of the best of conservatism and innovation. Our investment capabilities span Fixed Income, Convertible Bonds, Equities, Multi-Asset and Alternatives.
We are proud to be signatories to the LGPS Code of Transparency and are fully committed in partnering with the LGPS on the journey towards greater sustainable investment strategies. The three pillars of sustainability, namely sustainable financial practices, sustainable business practices and sustainable business models, are integrated into our strategies alongside clear communication and reporting.
For further information, please contact Ritesh K. Bamania, Head of UK and Ireland Institutional Clients and Solutions – This email address is being protected from spambots. You need JavaScript enabled to view it.
Longview Partners Longview Partners is a specialist asset management company, focused entirely on the management of global equity portfolios. The firm was founded in 2001. Its client base is almost entirely Institutional with clients in the UK, North America, Australia and Asia. Longview’s transparent and robust investment process is highly disciplined. The process is bound by strict investment criteria, ensuring that only quality companies, with solid business fundamentals and attractive cash-based valuations, are purchased. In constructing its Global Equity portfolio Longview focuses on global companies with a market capitalisation greater than $5 billion and sufficient trading liquidity. Longview also strives to invest in predictable companies and to avoid investing in companies that are sensitive to external forces beyond their control, such as macroeconomic factors. The output of the investment process is a concentrated, yet diversified, portfolio of typically 35 names, unconstrained by geography or sector.
Loomis, Sayles Investments Limited Loomis, Sayles & Company is headquartered in Boston, MA and has global offices in the UK and Singapore. Since 1926, Loomis has operated with integrity to deliver superior risk-adjusted performance and desired solutions to our institutional and mutual fund clients world-wide, including our UK LGPS clients. With assets under management of close to £198.5 billion (as at 31st December 2017), we take an opportunistic approach to investing across a broad offering of actively managed fixed income and equity strategies, fuelled by disciplined and comprehensive fundamental and quantitative research. We believe in clear and transparent reporting and are very pleased to commit to the Code of Transparency. For more information please contact Chris Yiannakou at This email address is being protected from spambots. You need JavaScript enabled to view it. .
LPP Investments Ltd LPP Investments Ltd (LPP I) is the FCA-authorised subsidiary of the Local Pensions Partnership Ltd (LPP). LPP started operation in April 2016 following the coming together of two LGPS funds – Lancashire County Pension Fund and London Pensions Fund Authority – creating a pension services business delivering a comprehensive range of services across investment management, liability and risk management and pension administration to LGPS and other public sector pension schemes. As an organisation with its origins in the LGPS, LPP I is fully committed to the transparent reporting of investment costs and fees to our shareholders and other investment clients. Contact either Bruce Carnaby or Investment Operations This email address is being protected from spambots. You need JavaScript enabled to view it. This email address is being protected from spambots. You need JavaScript enabled to view it.
Macquarie Capital (Europe) Ltd Macquarie’s Portfolio Solutions team is a specialist transition manager with a proven track record delivering independent, confidential fund transition services globally.
Working closely with our clients through planning and execution, our structure delivers an unbroken chain of care to clients and exceptional market access to the world-wide liquidity of a diversified financial group.
We offer a bespoke transition service to LGPS funds, with particular expertise in multiple scheme transitions and fund consolidations. Our offering is founded on a deep commitment to transparency, evidenced by the many innovations made in this area, including independent third party performance analysis, transparent track records and full attestation of revenues.
We are proud to sign up to the Code of Transparency as part of this commitment.
For more information, please contact Graham Cook: This email address is being protected from spambots. You need JavaScript enabled to view it. / This email address is being protected from spambots. You need JavaScript enabled to view it.
Macquarie Investment Management Macquarie Investment Management is a global asset manager with offices throughout the United States, Europe, Asia, and Australia. As active managers, we prioritise autonomy and accountability at the team level in pursuit of opportunities that matter for clients. Our conviction-based, long-term approach has led institutional and individual clients to entrust us to manage £187 billion in assets as at 31 December 2017. Macquarie Investment Management is a division of Macquarie Asset Management, a global asset manager with £273 billion in assets under management as at 31 December 2017.
We are able to offer LGPS Funds and LGPS investment pools access to our global investment platform including our equities, fixed income and multi-asset investment capabilities. Our commitment to fostering long-term partnerships with our clients aligns us with the long-term investment objectives of the LGPS, and signing up to the LGPS Investment Code of Transparency forms part of this commitment.
For further information please contact Gillian Evans This email address is being protected from spambots. You need JavaScript enabled to view it. or Peter Douvos This email address is being protected from spambots. You need JavaScript enabled to view it.
Majedie Asset Management Majedie manages active equity portfolios for institutional clients, and has worked with local government pension schemes since 2004. The firm is a supporter of clear and simple reporting and is pleased to adopt the Code of Transparency. Majedie was founded in 2002 and is an independent business. The simple objective is to make money for clients. Ownership of the business is spread widely across staff, ensuring alignment of interests with clients throughout.
Please contact This email address is being protected from spambots. You need JavaScript enabled to view it. for more detail.
Man Group Man Group is a global active investment management firm, which runs $112.7bn (as at 31 March 2018) of client capital in liquid and private markets, managed by investment specialists based around the world. Headquartered in London, the firm has 15 international offices and operates across 25 jurisdictions. Our business has five specialist investment engines, which represent the range of our capabilities: Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM.
These engines house numerous investment teams, working collaboratively within the framework of Man Group, with a high degree of investment autonomy. Our clients are at the heart of everything we do and we engage in close dialogue with our investors as strategic partners, including through our Man Solutions offering, to understand their particular needs and constraints. Man Group’s investment teams are empowered and supported by our institutional infrastructure and technology, which aims to facilitate the most efficient exposure to markets and effective collaboration across the organisation.
As the stewards of our clients’ capital, Man Group is firmly committed to the LGPS Code of Transparency and to providing our LGPS clients with a transparent and consistent approach to the reporting of costs.
For more information please contact Harry Skaliotis This email address is being protected from spambots. You need JavaScript enabled to view it. or Catherine Halford Riera This email address is being protected from spambots. You need JavaScript enabled to view it.
Marathon Asset Management Marathon Asset Management is an independent, privately owned investment management firm based in London. Founded in 1986, Marathon has successfully applied longer-term and often contrarian strategies in its equity investments around the globe on behalf of its institutional client base. Marathon is committed to the LGPS Code of Transparency in providing transparent cost reporting to its local authority clients.
Markham Rae Markham Rae is an independent asset management company based in London. The company was founded in 2010 and is structured as a partnership managing assets for clients in the UK, Continental Europe and North America. The company runs three absolute return mandates in discretionary macro fixed income, trade finance and systematic macro. It currently manages money for 8 LGPS funds in two of the strategies. We are pleased to support the Code of Transparency and support our LGPS clients in providing complete transparency.
Contact: Kerry Duffain This email address is being protected from spambots. You need JavaScript enabled to view it. or Peter Davies This email address is being protected from spambots. You need JavaScript enabled to view it. for more details.
MFS MFS Investment Management is a Boston based global asset manager with capabilities spanning all major asset classes and managing £353bn for clients as at 30 September 2017. MFS is distinguished by its collaborative, research-intensive investment approach. With investment offices 9 locations around the world, MFS equity and fixed-income analysts work together to form integrated global sector teams. MFS' investment teams utilize both fundamental and quantitative research techniques to construct portfolios designed to meet its clients’ expectations. We offer our clients a wide range of innovative global investment solutions covering equities, fixed income and multi-asset strategies. In line with the firm’s strong commitment to product integrity, risk management and capacity are carefully monitored by the investment teams. Guided by a client-focused business strategy, MFS has been serving institutional investors and their consultants for more than 40 years.
MFS are highly focused on client alignment and fully support the Code of Transparency as it reflects our own commitment to providing clear and transparent reporting of investment costs.
For further information, please contact Maddi Forrester ( This email address is being protected from spambots. You need JavaScript enabled to view it. ) or David Holding ( This email address is being protected from spambots. You need JavaScript enabled to view it. ).
Mirabaud Asset Management Limited Mirabaud Asset Management is part of a privately owned partnership, originally founded in 1819. It provides a range of investment solutions to Institutional and Wholesale investors in the UK and Europe. With approximately £6 billion under management, Mirabaud is a high conviction boutique aiming to deliver attractive risk-adjusted returns over the long-term, supported by excellent client service. The firm originally entered the UK Institutional market as a manager of UK Equities. It has since expanded its equity offering and built strong capabilities in fixed income and alternatives.
Mirabaud is committed to the LGPS market and is pleased to adopt the Code of Transparency to encourage full and transparent reporting to clients. Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Mondrian Investment Partners Ltd Mondrian is an independent, employee-owned, global value-oriented manager with over 25 years’ experience in managing a range of equity and fixed income products for a variety of clients based around the world. Mondrian’s value style products have a track record of producing consistent, strong risk-adjusted performance in a variety of different market environments. We are proud to sign the code and support our LGPS clients.
Please contact This email address is being protected from spambots. You need JavaScript enabled to view it. for more detail.
Montanaro Montanaro was established in 1991 and is based in London. We have the largest and most experienced specialist team in Europe dedicated exclusively to researching and investing in quoted UK and European Small & MidCap companies. Our long-term “Quality Growth” investment approach is the hallmark of Montanaro. We only invest in the highest quality, well-managed businesses operating in growth markets. Ethical and ESG considerations are fully integrated into our investment process. Montanaro manages over £2.4 billion on behalf of leading international financial institutions, including pension funds, insurance companies, family offices, wealth managers and charities. We are proud to work with a number of Local Government Pension Schemes such as Devon, Derbyshire, West Yorkshire, East Riding and South Yorkshire County Councils.

To contact us please call +44 20 7448 8600 or email: This email address is being protected from spambots. You need JavaScript enabled to view it. . Our website can be found at: www.montanaro.co.uk

Morgan Stanley Since it was established in 1975 Morgan Stanley Investment Management (MSIM) has provided client-centric investment and risk-management solutions to a wide range of investors and institutions. Our clients include corporations, pension plans, intermediaries, sovereign wealth funds, central banks, endowments and foundations, governments and consultant partners worldwide. Investment strategies span the risk/return spectrum across geographies, investment styles and asset classes, including equity, fixed income, alternatives and private markets.
MSIM is committed to providing clear and transparent reporting to its Local Government Pension Scheme clients and is delighted to adopt and endorse the Code of Transparency.
For further information please contact Peter Escott This email address is being protected from spambots. You need JavaScript enabled to view it. or Richard Lockwood This email address is being protected from spambots. You need JavaScript enabled to view it.
M&G M&G Investments is the European asset management arm of Prudential plc, operating in the UK, Europe and Asia. As a trusted partner, our clients’ individual needs, including those of more than 50* LGPS clients, are at the heart of our business. We align our interests with those of our clients and develop value-based strategies to generate strong and consistent returns. Our goal is to help our clients meet their long-term liabilities regardless of the market environment.
With over £298 billion* of assets under management (including £135 billion* on behalf of our parent company) across fixed income, equities, multi-asset strategies and real estate and over 400* investment professionals (including what we believe to be one of Europe’s largest credit research teams), we have the scale and expertise to offer tailored investment solutions across a wide range of risk and return requirements.
For further information, visit www.mandg.co.uk/institutionsor contact the following representatives:
  • Fixed Income: Andrew Swan at This email address is being protected from spambots. You need JavaScript enabled to view it.
  • Multi Asset and Equities: Grant Hadland at This email address is being protected from spambots. You need JavaScript enabled to view it.
  • Real Estate: Lucy Williams at This email address is being protected from spambots. You need JavaScript enabled to view it.

Source: M&G Investments as at 31 December 2017.

Muzinich & Co Muzinich & Co is a privately owned, institutionally focused investment firm specialising in public and private corporate credit. Founded in 1988, we have headquarters in New York and London with a further 8 offices across Europe and Asia. We offer a broad range of corporate credit strategies across both developed and emerging markets and currently manage over $33bn, including multi-asset credit; global high yield and investment grade bonds; syndicated loans; emerging market credit; and private credit direct lending. We work closely with pension funds and their advisors to provide tailored credit solutions that best meet their cash flow generation needs or return-seeking objectives. We are very proud to be a signatory of the Code of Transparency, which reflects our commitment to offering clear and transparent reporting to LGPS fund clients.
Contact: Simon Males (+44 (0) 20 3693 0467, This email address is being protected from spambots. You need JavaScript enabled to view it. ).
Newton IM Newton has been managing money for clients since 1978. Currently (as at September 2017) we have £55 billion assets under management across the globe including the UK, Europe, North America and the Pacific Basin. Newton, with discretionary investment management as its principal activity, manages a wide range of institutional, charity and retail funds, including multi-asset, specialist equity and fixed income mandates. Our clients include government bodies, local authorities, corporations, charities, trade unions and private/retail clients.
We believe Newton combines a robust investment process with a commitment to excellent client service. Our clients benefit from a team of highly experienced portfolio managers, client service managers and administrators.
Newton is delighted to adopt and endorse the Code of Transparency and is committed to providing clear and transparent reporting.
Nomura Asset Management UK Limited The Nomura group of companies was founded in 1873. By the early 1920s it had grown to be a dominant force in Japanese financial services. Building on this success, the Group expanded globally in the 1950s. The Group's investment management activities are represented by Nomura Asset Management, which is Japan's largest independent investment manager. Headquartered in Tokyo, Nomura Asset Management has dedicated investment management operations in London, Frankfurt, Singapore, Hong Kong, Shanghai, Malaysia and New York, offering a wide range of investment strategies across equities, fixed income, multi-asset and alternatives. Assets under management total over $400 billion and the organisation employs over 1200 people globally, including over 300 investment professionals. Nomura Asset Management counts among its clients many leading public and corporate pension funds, central banks, endowments, foundations, financial institutions, mutual funds, and individual investors globally. In the UK we have longstanding relationships with a number of LGPS funds and are committed to supporting the Code of Transparency.
Oldfield Partners Oldfield Partners LLP ("OP"), began operations in March 2005 and is majority owned by the executive partners. The firm manages US$4.9 billion for a global client base that includes pension funds, endowments and foundations, charities, family offices and high net worth individuals. The firm manages equity portfolios with a disciplined value style and a distinctive approach: a limited number of holdings, long-only, no leverage, diversified, index-ignorant and suspicious of short-termism.
Pictet Asset Management Pictet Asset Management has been managing UK Pension Fund assets for over 25 years. We have had an office in London since 1980. This is an investment centre with over 200 employees where we have an institutional team looking after our UK clients. We are part of the Pictet Group, founded in Geneva in 1805. We are an independent asset manager offering investment services around the world. Our key investment capabilities include: Multi Asset, Emerging Markets Debt, Global Fixed Income including Absolute Return Fixed Income, Global Thematic Equities and Alternative Investments. We manage £146 billion in assets as at the end of December 2017.
PIMCO PIMCO is one of the world’s premier fixed income investment managers. We have offices across the globe and 2,200 professionals united by a single purpose: creating opportunities for investors in every market environment. In the 45+ years of experience in managing investment assets, we have continued to bring innovation and expertise to our partnerships with clients, as we seek out the best investment solutions. PIMCO partners with a wide range of institutions, including corporations, central banks, universities, endowments and foundations, and public and private pension and retirement plans. PIMCO has developed a distinct top-down, bottom-up investment process that has been tested in every market environment. This process is fundamental to our firm and guides our efforts on behalf of clients.
PIMCO has extensive experience partnering with pension fund clients in the UK, including local government pension schemes, across a broad array of investment strategies.
We are proud to support the LGPS Transparency Code as we recognise the importance of greater transparency in the reporting of costs for our clients.
Pyrford International Pyrford is a boutique asset management company based in London. Founded in 1987, Pyrford manages £7.5 billion on behalf of pension funds, charities, endowments, foundations and other institutional investors. Pyrford have been managing assets on behalf of the Local Government Pension Scheme (LGPS) for over 10 years and currently manages assets on behalf of 11 LGPS clients including one pool. Our LGPS clients are invested in our Global Absolute Return Strategy and Global Equity.
Pyrford are delighted to support the Code of Transparency and indeed our LGPS clients in providing complete transparency on investment costs. Please contact Felim Glynn on This email address is being protected from spambots. You need JavaScript enabled to view it. for more details.
Quoniam Asset Management “Quoniam is a partner-driven, active quantitative asset manager founded in Frankfurt am Main, Germany. We have successfully applied our investment philosophy for 20 years. Using modern investment engineering, we strive to deliver first-class performance results for our institutional investors. Quoniam offers equities, fixed income and multi-asset strategies, and client relations are managed from Frankfurt and London (UK) with direct access to key investment professionals. Based on our expertise, we manage more than EUR 30 billion for investors worldwide. Our corporate concept is unique: the managing partners hold a direct stake in the company and every employee is able to indirectly participate in its success. This assures that their motivation is aligned with our clients’ long-term performance objectives. Quoniam is an independently operating asset manager with the freedom to devise creative solutions. As a member of Union Investment Group we benefit from a solid financial basis. With over 120 experienced people in Frankfurt and London, we are focused on providing our clients with successful investment solutions.
For more information please contact Barbara Wokurka ( This email address is being protected from spambots. You need JavaScript enabled to view it. ) or visit www.quoniam.com.”
RBC Global Asset Management (UK) Limited With offices in the UK, Canada, US and Hong Kong, RBC Global Asset Management is the asset management division of the Royal Bank of Canada. Continuing our long history of managing client portfolios, we believe in providing each of our stand-alone investment teams with the tools and resources they need to deliver strong risk-adjusted returns for our clients with ESG considerations embedded into our investment decisions. We also believe in a close alignment of interests with our clients to ensure we build long term partnerships that deliver on our client’s expectations.
From our office in London we are pleased to manage accounts for a range of clients including LGPS, corporate pensions, insurance, family offices and foundations. We are therefore proud to support the LGPS Transparency Code and fully recognise the importance of improved transparency around the disclosure and reporting of costs. For more information please contact Heidi Gunkel ( This email address is being protected from spambots. You need JavaScript enabled to view it. ) or visit www.rbcgam.com.
Record Currency Management Founded in 1983, Record Currency Management (“Record”) is one of the world’s largest and longest standing independent currency managers. Record is headquartered in the UK, with offices in Switzerland and the United States. We have a history of offering superior currency hedging and investment solutions to a broad range of institutional clients around the world, and presently (as at 29 December 2017) manage £47.3bn ($63.9bn) in assets for clients. Record is a fully-owned subsidiary of Record plc, which is listed on the Main Market of the London Stock Exchange since 2007 (REC.L).
Record’s commitment to the LGPS Cost Transparency Code is fully aligned with our position as an independent currency manager, acting solely on our clients’ behalf, and promoting the highest standards of transparency and market conduct. Since its foundation 35 years ago, Record has always represented independent and unconflicted best practice in the foreign exchange markets. We are delighted that regulatory developments and market practice are encouraging greater transparency and disclosure. The move toward investment fee transparency and consistency is seen by Record as an important factor in the LGPS being perceived as a value led and innovative scheme. We look forward to continuing our work with the Pension Scheme Advisory Board to bring about further enhancements to transparency and disclosure, both within the LGPS and more broadly.
For further information please contact Carl Beckley by email ( This email address is being protected from spambots. You need JavaScript enabled to view it. ) or telephone (+44(0)1753 852 222).
Robeco Institutional Asset Management B.V. Robeco is a pure play asset manager founded in 1929 and has been a trusted advisor to LGPS clients for over 13 years. Headquartered in the Netherlands, Robeco has a presence in 15 countries worldwide and manages £148 billion in assets¹ for institutional and individual investors. Through our fundamental, quantitative and sustainability research, Robeco offers investors a compelling range of active investment strategies and services, covering a spectrum of asset classes.
As a strong advocate of responsible investing, ESG factors have been integrated into Robeco’s investment processes for over 20 years. Our in-house active ownership team uses voting rights and strategic engagement with companies in which we invest to maximise our sustainability impact. In 2018 we obtained an A+ score for all modules of our PRI Assessment and were the LAPF Impact Manager of 2017. Visit www.robeco.com/uk for further information or contact This email address is being protected from spambots. You need JavaScript enabled to view it. ¹As of June 2018
Royal London Asset Management Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
RLAM manages in excess of £3.6bn on behalf of 50 local authorities, including 14 LGPS funds and 36 local authority treasury clients (as at 31 August 2017). For local authority pension funds, RLAM offers a suite of solutions for schemes looking for capital growth, or for a way to meet their future liabilities. RLAM also manages a range of cash and short dated bond funds for councils’ treasury assets, helping to meet their security and liquidity objectives.
For more information on RLAM’s LGPS capabilities, please contact This email address is being protected from spambots. You need JavaScript enabled to view it.
Ruffer Ruffer LLP is a privately owned multi-asset absolute return manager and has managed clients’ assets according to this philosophy since the firm started in 1994. Our approach is entirely unbenchmarked as we believe it is our role to manage the market risk on behalf of our clients rather than transferring it onto them through a market-weighted benchmark. We aim to preserve our clients’ capital and to achieve returns ahead of cash, by investing in a long-only portfolio of predominantly conventional assets. By managing all aspects of the portfolio construction, we are able to control and provide transparency of costs to end investors, and in that context we are delighted to support the Code of Transparency. Ruffer has been managing assets on behalf of local authorities since 2004.
RWC Partners RWC is an independent London-headquartered asset management firm founded in 2000. We manage assets on behalf of sophisticated institutional investors, including a number of LGPS Schemes, from our 3 global offices. We specialise in providing strategies that enable our clients to invest in developed and emerging market equities, convertible bonds and income solutions that help them meet their long-term financial needs. We feel a strong sense of responsibility to provide the highest standards of investment management; good value for money; clear information that helps our clients understand what we are doing; and a stable organisation that is both long-term and trustworthy. We have a strong ownership structure that supports these aims and supports stability, flexibility and the highest governance standards. The firm has committed considerable resources to ensure that our client service and reporting capabilities meet the ongoing needs of our investors. We fully endorse the Code of Transparency and are pleased to adopt it.

Contact: Rash Patel This email address is being protected from spambots. You need JavaScript enabled to view it. or Joanna Lancaster This email address is being protected from spambots. You need JavaScript enabled to view it.

SKAGEN SKAGEN Funds, part of the Storebrand Group, is a Scandinavian fund management boutique specialising in long only equity fund management. Established in Stavanger in 1993 with the goal of becoming the world’s best fund manager in terms of risk-adjusted returns, communication and service, SKAGEN has steadily grown to become a successful international boutique asset manager with £6.5bn under management (as at 31/03/2018).
At SKAGEN we pursue a value-based, bottom-up, active, long-term investment approach with broad, unconstrained mandates and a strong focus on ESG – a philosophy based on common sense.
We are committed to providing transparency of costs and are delighted to support the LGPS Code of Transparency. Please contact Kieran O’Donnell This email address is being protected from spambots. You need JavaScript enabled to view it. for more details.
Schroders Schroders has £418.2 billion of assets under management and administration, across a wide range of asset classes and products. We are a global, independent asset management company with over 200 years of experience in the world’s financial markets and a firm continuity of ownership. Schroders is a leading manager of local authority pension schemes, managing £11.2 billion of UK pension fund assets on behalf of 47 local authorities*. Local authorities are a key focus for our business. With extensive experience developed over 30 years, we have an in-depth understanding of the issues facing local authority pension funds. We fully support the Code of Transparency and clear and transparent reporting for our clients.
Please contact Claire Glennon This email address is being protected from spambots. You need JavaScript enabled to view it. or Geoff Day This email address is being protected from spambots. You need JavaScript enabled to view it. for more detail.
Source: Schroders. All figures quoted as at 30 June 2017 except * As at 31 March 2017.
State Street Global Advisors

For nearly four decades, State Street Global Advisors has been committed to helping our clients, and those who rely on them, achieve their investment objectives. We partner with many of the world’s largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process spanning both indexing and active disciplines. With trillions* in assets, our scale and global reach offer clients unrivaled access to markets, geographies and asset classes, and allow us to deliver thoughtful insights and innovative solutions.
State Street Global Advisors is the investment management arm of State Street Corporation.
* Please note that AUM totals are unaudited. AUM reflects approx. $2.78 trillion (as of 31 December, 2017) with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.
For more information please contact: Andrew Benton This email address is being protected from spambots. You need JavaScript enabled to view it. .

Stone Harbor Investment Partners LP Stone Harbor Investment Partners LP is a global institutional fixed-income investment manager specialising in credit and asset allocation strategies. Founded in 2006, Stone Harbor employs over 140 people across our locations in London, New York, Melbourne and Singapore and manages institutional clients’ assets in a range of investment strategies: emerging markets debt, high yield, bank loans, as well as multi-sector credit products including unconstrained and total return approaches. Our investment approach is based on fundamental insights, derived from a combination of proprietary research and the in-depth knowledge and specialised experience of our team who have been managing assets together since the early 1990s. Stone Harbor has been working with LGPS clients since 2007 and we are fully supportive of the Code’s aim of seeking to provide clear, consistent and transparent cost reporting.
SVM Asset Management Founded in 1990, SVM Asset Management (originally Scottish Value Management) is a privately-owned investment management business, based in Edinburgh. SVM was established on a straightforward premise: We wanted to create an environment where talented investment professionals would have the flexibility to run funds to the best of their ability. This means providing a culture in which good ideas can flourish and where rigorous, analytical thinking is prized. Our focus is on equities and we run UK, European and Global mandates for our retail and institutional clients. Our size gives us the agility to buy the best opportunities and sell when the potential has been reached. We also believe strongly in responsibility and transparency with our clients. People appoint us as custodians of their long-term wealth and we take that responsibility very seriously.
Trilogy Global Advisors Trilogy Global Advisors is a specialist active equity boutique founded in 1999 and headquartered in New York with offices in Winter Park, Florida, and London. We manage Global Equity, Global Emerging Markets and Global Small Cap mandates on behalf of institutional investors in the US, the UK, Europe, Japan, Asia and Australia. An affiliate of Affiliated Managers Group (AMG), a company listed on the New York stock exchange, we have a strong partnership and research culture and a commitment to delivering excellence in investment returns and client service. We are proud of our LGPS client relationships. As a Tier 1 signatory to the UK Stewardship Code we are a strong supporter of engaged and responsible active investing and we are therefore delighted to adopt the Code of Transparency and to endorse the governance principles which it embodies.
Contact: Mark Archer This email address is being protected from spambots. You need JavaScript enabled to view it.
T. Rowe Price International Ltd T. Rowe Price International Ltd is a member of the T. Rowe Price Group, Inc. group of affiliated companies. T. Rowe Price Group, Inc. is a global independent investment management firm, managing over £720 billion across a range of fixed income, equity and multi-asset strategies to provide investment solutions for our clients that enable them to meet their investment objectives.
Since we were founded over 80 years ago, our active management approach has been based on a culture of teamwork, fundamental investment research and taking a long-term perspective. This has helped us deliver consistent, repeatable outperformance while at the same time carefully managing risk.
We are a worldwide organisation with over 6,800 employees operating out of 16 countries. We have over 360 employees based in London, having first established an office in 1979.
T. Rowe Price International Ltd is fully supportive of the LGPS Code of Transparency.
Figures as at 31 March 2018
For additional information please contact: Paul Gallagher This email address is being protected from spambots. You need JavaScript enabled to view it. / 0207 651 8396 or This email address is being protected from spambots. You need JavaScript enabled to view it. / 0207 002 4507 for more details.
TT International TT International was founded by Tim Tacchi on 1st September 1988 to manage European equities for a leading US hedge fund. In 1990, we started managing our first Active International equity account and have since continued to add products to both our hedge fund and long-only offerings.
One of TT’s key distinguishing features is its ownership structure. The firm became a partnership under the laws of England and Wales in 1993 and continues to be 100% owned by the working partners, apart from a minor interest of the partners’ retirement scheme.
UBS Asset Management UBS Asset Management is a large scale investment manager with a presence in 23 countries. We offer investment capabilities and investment styles across all major traditional and alternative asset classes to institutions, wholesale intermediaries and wealth management clients. Our goal is to provide our clients with access to the best investment ideas and superior investment performance.
In the UK, we have a long history of managing assets on behalf of Local Authorities and are currently one of the largest managers of local authority pension funds in the UK. LGPS is part of our DNA. This heritage, combined with our continuing active participation in hosting and attending seminars, training and events, underlines our long term partnership approach to LGPS. We positively embrace the Code of Transparency and are committed to providing our LGPS clients with clear and transparent reporting.
For more information please contact Malcolm Gordon This email address is being protected from spambots. You need JavaScript enabled to view it. or Digby Armstrong This email address is being protected from spambots. You need JavaScript enabled to view it. .
Unigestion Unigestion is a boutique asset manager with the scale to deliver global tailor-made investment solutions for thoughtful investors. Our core values – integrity, independence, excellence and guidance – are at the heart of everything we do. We manage client assets across our four areas of expertise: equity, multi asset investing, private equity and alternatives. We believe that risk management is an enduring driver of long-term investment performance, and we therefore apply a risk lens to all our strategies. With over half of our assets managed through segregated mandates, we have a proven ability to understand clients’ objectives and are trusted by them to design strategies tailored to their needs. We are privately owned, with a majority of the equity controlled by our senior management, and we focus solely on asset management. This gives us the independence to take a long-term perspective and stay true to our convictions for the long-term benefit of clients.
Unigestion strongly supports the Code of Transparency and always seeks to deliver the clearest costs and charges disclosure to its clients across all of its products. Please contact Bill Nicholson ( This email address is being protected from spambots. You need JavaScript enabled to view it. ) for more information. Data as at 30 June 2017.
Union Investment Institutional GmbH Union Investment is one of the leading asset managers in Europe, with a comprehensive range of strategies for institutional investors. We have seen strong growth in recent years and achieved a new high in assets under management of €326 billion (30th March 2018). Headquartered in Frankfurt, Germany, with over 3000 employees and 200 investment professionals, we focus on providing active investment strategies in select asset classes where we have deep expertise.
Union Investment’s heritage as a co-operative financial services provider is long and deep. As a co-operative company, we strongly believe in doing business in a responsible manner for our clients, shareholders, employees and the wider community. Therefore our asset management expertise and business model is and has always been provided through a responsible and transparent lens for decades. We are convinced that having this approach has led to a stable and successful company since the 1960s and one that has weathered a multitude of financial, economic, social and political cycles. As such we welcome the initiative for greater transparency in the asset management industry and commit ourselves to this end by becoming a signatory. For further information please contact Faheem Malik (Tel: +44 207 776 6150 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. ) or Astrid Joost van der Spek (Tel: +49 69 2567 2117 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. )
Veritas Asset Management Veritas Asset Management LLP (Veritas) focuses on active equity management, utilising its proprietary Real Return Approach. Veritas has managed UK Local Government Pension Schemes since 2010 and is proud to adopt and support the Code of Transparency. For further information, please contact, Antony Burgess on This email address is being protected from spambots. You need JavaScript enabled to view it. or James Trietline on This email address is being protected from spambots. You need JavaScript enabled to view it.
Wellington Management Tracing our history to 1928, Wellington Management is one of the world’s largest independent investment management firms. With over £783 billion in assets under management (AUM) as at 30 September 2017, we serve as a trusted adviser and strategic partner to more than 2,150 institutional clients and mutual fund sponsors in over 65 countries. This includes £4.2billion in AUM for public and LGPS schemes in the UK. Our comprehensive investment capabilities are built on the strength of rigorous, proprietary research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. Our commitment to investment excellence is evidenced by our significant presence and long-term track records in nearly all sectors of the global securities markets.
As fiduciaries for our clients, we fully support clear and transparent reporting of investment costs, and are committed to the Code of Transparency. For more information please contact This email address is being protected from spambots. You need JavaScript enabled to view it. .
Western Asset Management Company Limited Western Asset is one of the world's leading investment management firms. Its primary business is managing fixed-income portfolios, an activity the Firm has pursued since 1971. From offices in Pasadena, New York, Sao Paulo, London, Dubai, Singapore, Hong Kong, Tokyo and Melbourne, Western Asset's 849 employees perform investment services for a wide variety of global clients. The Firm's clients include charitable, corporate, health care, insurance, mutual fund, public and union organizations, and client portfolios range across an equally wide variety of mandates, from money markets to emerging markets. Western Asset’s client base totals 406, representing 37 countries, 951 accounts, and £318 billion in assets under management as at 30 June 2018.
We are committed to adhering to LGPS’s Code of Transparency by providing clear and transparent reporting of costs to our LGPS clients. For more information please contact Marian George ( This email address is being protected from spambots. You need JavaScript enabled to view it. ).