William Eichler 07 March 2018

Local Pensions Partnership launches new £320m fund

Local Pensions Partnership launches new £320m fund image

The Local Pensions Partnership (LPP) today launched its first fund dedicated to investing in fixed income as an asset class.

The £320m Fixed Income Fund aims to capitalise on opportunities in the global fixed income market, with a strong focus on capital preservation.

It will invest predominately in higher credit quality, highly liquid fixed income instruments across geographies, instrument types and maturities.

The new fund will provide the Lancashire County Pension Fund (LCPF) and the London Pensions Fund Authority (LPFA) — the LPP’s two full-service clients — with a Fixed Income investment vehicle which can lower costs by pooling assets together.

It is a sub-fund of the LPP I Asset Pooling Authorised Contractual Scheme (ACS).

‘LPP’s inaugural Fixed Income Fund provides a significant new investment vehicle for our clients,’ said LPP chief executive Susan Martin.

‘It is an important part of our continuing efforts to expand our range of investment strategies to support clients’ strategic asset allocation implementation.

‘It also demonstrates our in-house investment capabilities in launching a brand new fund, from investment strategy design to manager sourcing and selection.’

Since April 2016, LPP has launched a £1.3bn Credit Fund, a £1.5bn Global Infrastructure Fund, a £1.8bn Private Equity structure and a £5bn Global Equity Fund.

Fair funding delay image

Fair funding delay

The delay to the fair funding review can only add to anxiety over the future of local government, says Mark Whitehead
Highways jobs

Senior Traffic Engineer

East Riding of Yorkshire Council
£32,029 - £34,788 per annum
Currently seeking an enthusiastic and experienced individual to manage our Traffic Team. East Riding of Yorkshire
Recuriter: East Riding of Yorkshire Council

Youth and Community Based Commissioner- Colchester and Tendring

Essex County Council
£18117 - £19106.0 per month
Annual Salary JNC SCP 3 - Unqualified £18,117JNC SCP 6 - Qualified £19,106 We are currently seeking a Youth and Community Based Commissioner to suppo England, Essex, Colchester
Recuriter: Essex County Council

Networks Technician

Essex County Council
£24001.0 - £28280 per annum
Technology Services is focused on ensuring current and future investment in technology to maximise the opportunities to support ECC from a technology England, Essex, Basildon
Recuriter: Essex County Council

Youth Worker x7

Sandwell Metropolitan Borough Council
£18,795 - £19,945 per annum
Looking for a Youth Worker who can meet the needs and aspirations of young people and deliver high quality Youth Work. Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Customer Specialist

Essex County Council
£20001.0 - £22220.0 per annum
Essex County Council (ECC) are currently recruiting for a Customer specialist within the Technical Processing and Optimisation Team. The Team is respo England, Essex, Chelmsford
Recuriter: Essex County Council

Local Government News

Latest issue - Local Goverrnemnt News

This issue of Local Government News explores how councils can tackle modern slavery and trafficking in their supply chains, finds out more about Cambridge's first cohousing scheme and the launch of a new project to build a shared service pattern library for local government.

This issue also contains a special focus on children's services and how councils are protecting children following local safeguarding children boards being abolished.

Register for your free magazine