Border to Coast Pensions Partnership Creates Internal Sterling Index Linked Bond Fund
Posted on 11/11/2020
Border to Coast Pensions Partnership introduced its internally managed £1.5 billion sterling index-linked bond fund. Border to Coast Pensions Partnership sees this fund transition to an internally managed fund to generate aggregate cost savings for the investors (the pensions). Durham, North Yorkshire, and South Yorkshire are the initial public pension schemes in the pool that are allocating to the fund.
The bond fund will invest in sterling-denominated index linked Gilts and investment grade corporate bonds.
Transition management services were provided by BlackRock. Inalytics was acting as transition advisor.