Room151’s 3rd LGPS Investment Forum

Established in 1985, Jupiter seeks to make a positive difference for our clients by putting them at the heart of our business. We help them achieve their long-term investment objectives after fees through high conviction, active management coupled with a deep heritage and culture in sustainability. At Jupiter, we prefer to go a step further and seek to form transparent, value-added partnerships with clients beyond investment.

Headquartered in London, Jupiter is an established asset manager with a growing presence in Europe, Asia, Latin America, USA and the Middle East offering a broad range of actively managed strategies including equities, fixed income, multi asset, multi-manager and absolute return. As at 30 June 2022, we managed £48.8 billion across a range of asset classes and vehicles which enable us to meet our clients’ needs.

Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients – retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. 

With its six international investment hubs[2], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Amundi clients benefit from the expertise and advice of 5,400 employees in 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.9 trillion of assets[3].

Amundi, a trusted partner, working every day in the interest of its clients and society

[1] Source: IPE “Top 500 Asset Managers” published in June 2022, based on assets under management as at 31/12/2021
[2] Boston, Dublin, London, Milan, Paris and Tokyo
[3] Amundi data including Lyxor as at 30/06/2022

Baillie Gifford has over 100 years of global investment experience and over 30 years serving LGPS clients. Our primary goal is to add value over the long term – we achieve this through a single focus on active management. This means that our priorities are aligned with those of our clients as we commit to improving LGPS member outcomes through long-term sustainable investments.

We are long-term investors, not speculators. Our investment philosophy focuses on growth while our universe is global. Accordingly, we believe that fundamental analysis and proprietary research are core to a successful, long-term, bottom-up investment approach. From our head office in Edinburgh we are able to harness this intellectually curious and rigorous approach – where the sharing of ideas and robust debate between our investment teams are central to our investment process.

The result is a successful business that continues to grow organically. We now manage and advise over £277bn in specialist equity, fixed income and multi-asset portfolios for a global client base.

Berenberg, established in 1590 and privately owned, has a long history in the management of institutional clients both in the UK and Continental Europe. We offer our clients a range of return seeking equity, fixed income, multi-asset and alternative strategies in either collective fund or discretionary management form, and are distinguished by our expertise in equities. All our equity strategies adhere to a strict set of ESG principles, and we are happy to incorporate additional qualifications into individual client strategies.

Alongside our return seeking strategies, Berenberg has a world class risk management capability centred around active and passive currency hedging and the dynamic hedging of equity and duration risk by means of overlay. We work closely with our clients to tailor our services to their individual requirements, and that has allowed us to work with a very broad range of institutional clients from small charities and family offices to some of the largest pension funds in the market. With investment teams in London, Frankfurt and Hamburg we manage in excess of £13bn for institutional clients across Europe.

Steven Gardner

head of institutional clients, UK

Steven.gardner@berenberg.com

+44 20 3465 2714

Candriam is a European multi-specialist asset manager, and a pioneer and leader in sustainable investments since 1996.  Candriam manages around EUR 158 billion of assets under management with a team of more than 600 professionals.  Candriam offers our LGPS clients an innovative range of ESG, Sustainable and Impact investment solutions across equities, fixed income , absolute return, and asset allocation, as well as recently launching an innovative Impact bond fund.  Candriam is a New York Life Investments (which ranks among the world’s largest asset managers company and, through its affiliates, is also able to offer expertise across the private markets universe in private credit, private equity, real estate (including debt), and infrastructure.

For more information see: www.candriam.com

Columbia Threadneedle Investments manages investments for institutions, pension funds, sovereign wealth funds and endowments & foundations. Together, they entrust us with £430 billion[1].

Global reach

Our reach is expansive, with a global team of 2,000 people working together. Our expertise is diverse with more than 450 investment professionals sharing global perspectives across all major asset classes and markets and we have the capability to create bespoke solutions matched to clients’ specific requirements.

Research intensity

Our 160 analysts are dedicated to finding original, actionable insights that are shared and debated with our portfolio managers. Responsible Investment (RI) principles are an important factor and we apply proprietary tools to provide a robust RI framework and better analysis. This knowledge is harnessed to make better investment decisions that benefit our clients.

Forward-looking

Our independent Investment Consultancy & Oversight team ensures the integrity of an investment strategy. The team works in partnership with our portfolio managers to foster continuous improvement and ensure strategies are managed consistent with client expectations and their desired outcome.

Moira Gorman

Client Director

Tel: 020 7464 5341

moira.gorman@columbiathreadneedle.com

[1] As at 30 June 2021

Darwin Alternative Investment Management Limited (Darwin Alternatives) offers innovative, alpha-driven investment solutions which provide investors, mostly local authority pension funds, with positive long-term absolute returns that are generated from alternative investment solutions.

Darwin Alternatives is the Investment Advisor to Darwin Leisure Property Fund and Darwin Leisure Development Fund, which invest in UK holiday parks.  Darwin has changed the face of the industry, transforming low-revenue tenting and touring sites into luxury lodge resorts and utilising strong management and economies of scale to increase profits at established holiday parks. 

in 2018 we launched Darwin Bereavement Services Fund (DBSF), a core Social Infrastructure solution which invests in UK bereavement services assets that are actively managed to deliver sustainable, long-term free cash flow.  DBSF owns a portfolio of six cemetery and woodland ceremonial parks and 11 crematoria and burial grounds along with other bereavement-related businesses.  

DBSF aims to take pressure off local authority and church providers and to provide an exceptional and affordable service to bereaved families whilst generating modest, stable returns for investors.  There is a strong focus on sustainability and DBSF operates the first electric cremator in the UK, which can reduce carbon emissions by up to 90% compared to gas cremators.  

Mike Kew

Sales Director

mike@darwinalternatives.com        

020 7408 1060

Everything we do at Franklin Templeton is focused on delivering better client outcomes. It’s why we’ve built a world-class investment firm that aims to offer the best of both worlds: global strength and boutique specialisation.

We bring together an unmatched collection of independent specialist investment managers to provide our clients deep expertise and specialisation—within and across asset classes, investment styles, and geographies. We boast extensive multi-asset capabilities. And we offer hundreds of strategies across active, smart beta and passive approaches—in a full range of vehicles. All this gives us the ability to provide options best-suited to the unique needs of every client, institutional or individual.

Dean Heaney

Head of UK Institutional

020 7073 8544

dean.heaney@franklintempleton.com

Christoph Butz

Institutional Client Director

020 7073 8798

christoph.butz@franklintempleton.com

Gresham House is a specialist asset manager whose purpose is to deliver effective and alternative investment solutions to help clients achieve their financial objectives whilst contributing towards the transition to a more sustainable economy.

We specialise in six areas of alternative investment – Forestry; New Energy; Sustainable Infrastructure; Housing; Public Equity; and Private Equity. We manage c.£7.3bn (30.06.22) on behalf of institutions including LGPS, family offices, charities, endowments and private individuals.

Heather Fleming

managing director, institutional business

Gresham House.

h.fleming@greshamhouse.com 

+44 (0)7872 685 532

7 million people rely on the LGPS to secure their retirement. With big numbers come big risks. We provide fresh, innovative thinking to help manage that risk effectively. Our dedicated LGPS team is the largest and most knowledgeable in the marketplace, providing investment, actuarial, governance, administration and project consulting to more than half of the funds in the UK.

At the forefront of our industry, we’re influencing the way it works. Our 100 years of experience allows us to take a long-term view of LGPS reform. We devote significant resource and investment to LGPS governance.

We pride ourselves on finding the answers that deliver the right outcomes through fresh, innovative ideas and we’re influencing the way our industry works. At the heart of it all is our relationships – we form genuine, collaborative relationships that last.

Philip Pearson

head of LGPS investment

philip.pearson@hymans.co.uk

0207 082 6325

Insight Investment has built a unique investment platform that delivers outcome-oriented investment solutions. Our clients are among the most sophisticated institutional investors in the world and include leading insurers, pension funds, sovereign wealth funds and corporations. Our investment strategies include fixed income portfolios focusing on assets ranging from conventional sovereign and corporate bonds to emerging market debt and illiquid credit. Our strategies are designed to evolve dynamically to meet changing needs and stay ahead of market and regulatory developments.

Sherilee Mace 

Institutional Business Development Director
sherilee.mace@insightinvestment.com
+44 (0)20 7321 1583, +44 (0)7917 557 598

Janus Henderson Investors (‘Janus Henderson’) is a global asset manager offering a full suite of actively managed investment products across asset classes. The notion of ‘connecting’ is powerful – it has shaped our evolution and our world today. At Janus Henderson, we seek to benefit clients through the connections we make. Connections enable strong relationships based on trust and insight as well as the flow of ideas among our investment teams and our engagement with companies. These connections are central to our values, to what active management stands for and to the long[1]term outperformance we seek to deliver.

Oliver Miller

Director of Institutional Business

Janus Henderson Investors

oliver.miller@janushenderson.com

 +44 207 818 4444

Resonance is a social impact property fund manager. It launched in 2002 with the mission of connecting capital to social enterprise and has a twenty-year track record in impact investing.

Resonance’s regulated fund management subsidiary Resonance Impact investment Limited creates and manages scalable and diversified residential property funds, that provide life changing housing solutions for people facing housing crisis.

These funds currently operate across three tenant groups – homelessness, vulnerable women and people with learning disabilities and autism, and as well as a targeted social impact also aim to deliver a financial return.

The funds work with more than twenty housing partners to provide safe, affordable homes with wraparound support, helping tenants sustain tenancies and rebuild their lives. Since its first property fund launched in 2013, Resonance has helped to provide homes for almost 3,000 individuals and families in over 1,000 properties.

Resonance has £330m+ funds under management with investment having been raised from foundations, trusts, institutions, local authorities and local authority pension funds, as well as high net worth individuals.

With peoples’ homes at the heart of Resonance, the impact labs teams develop solutions to help grow social enterprises and to build and enable community resilience and innovate social impact.

Gary Walker

head of investor relations

gary.walker@resonance.ltd.uk

07704 004240

Royal London Asset Management (RLAM) is one of the UK’s leading investment companies, having built a strong reputation as an innovative manager, investing across all major asset classes. RLAM manages over £147.2 billion of assets as at 31 December 2022, split between equities, fixed interest, multi asset investing, property and cash, with a market leading capability in sustainable investing. Products include funds and segregated accounts investing in government bonds, investment grade, high yield and unrated credit, equity income and equity growth across global developed markets, as well as UK property and cash and short-term money market instruments.

Kate Parker

institutional client solutions director

020 3272 5334

kate.parker@rlam.co.uk

Ruffer manage nearly £3 billion for LGPS clients. We are used for the diversification of our uncorrelated returns, genuine downside protection and focus on safeguarding against a new regime of higher inflation. An attractive, liquid, complement to alternatives.

The Ruffer investment strategy has two simple, steadfast objectives: firstly, not to lose money in any 12 month rolling period and secondly, to achieve positive returns in all market conditions. Our aim is to build an ‘all-weather’ portfolio of assets that will enable us to deliver on our objectives regardless of what is happening in the markets or the economy.

There are many funds in the market that offer the illusion of diversification and a differentiated process – Ruffer is genuinely different for 2 reasons:

1) Our track record shows that we have successfully achieved our objectives for 27 years with a low correlation to the major asset classes.

2) Our absolute return, un-benchmarked, all-weather approach is a very different starting point for portfolio construction than most conventional strategies.

Ruffer is recognised as a successful bear market operator due to the fact we have delivered positive returns in each of the three major bear markets since the firm began. However, we have also delivered good returns in bull markets with an annualised return of 9% net of fees and a maximum drawdown of less than 10%.

Stafford Capital Partners (Stafford) is an independent private markets investment and advisory firm with USD 8bn in assets under management and advice for more than 160 institutional clients worldwide.

Founded in 2000, Stafford has a global team of 80+ professionals and delivers sustainable returns to its clients through actively investing, managing and realising capital in the timberland, infrastructure, sustainable private equity and private credit sectors.

Stafford has been a UN PRI signatory since 2010 and has committed to the Net Zero Asset Managers Initiative.

The Storebrand Group has roots back to 1767 and is a leading player in the Nordic market for long-term savings and insurance. Storebrand Asset management is the largest private asset manager in Norway and our sole business is asset management, providing a broad range of investment services to over 300 institutional clients and manages approximately £83.1 billion as at 30 June 2022.

Storebrand was the first Norwegian company to establish a sustainable investment department in 1995 and we have one of the most experienced environmental, social and governance (ESG) teams in the Nordic region.

Storebrand has been managing index tracking investments for clients since 1981. Today £30.1bn in index and systematic strategies is managed by our Global Equity team, which includes investment from UK Local Government Pension Schemes. Our ESG+ funds are available as both Global and Emerging Markets to reproduce the risk and return profile of the MSCI World Index whilst aligning with the low carbon transition. The fund excludes companies within fossil fuel related and climate negative industries and is managed with additional ESG criteria and sustainability focus.

More information is available here: https://www.storebrand.no/en/asset-management/equity-funds/storebrand-global-esg-plus

Allianz Global Investors

Allianz Global Investors is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing EUR 506 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.

Data as at 31 December 2022. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Asset Management companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor. This excludes assets for which Allianz Asset Management companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.

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For more information on our team, solutions and/or strategies please contact us directly.