Investment Managers

Although the Trustee is responsible overall for the running of the Scheme, the day-to-day management of the Scheme's investments is delegated to the Investment Managers.

The Trustee keeps a regular check on the investment performance through an independent investment monitoring service known as The WM Company.

The Scheme uses 8 Investment Managers:

 

State Street Global Advisors manages UK equities, US equities, European equities and fixed interest bonds on a passive basis.  They also manage a  currency hedging overlay.

Legal & General Assurance (Pensions Management) Limited  manages the Asia-Pacific and emerging markets equities on a passive basis. They also manage a passive infrastructure equity fund.

Henderson Global Investors manage the long duration sterling corporate bonds.

CBRichard Ellis Investors Limited manages the European property portfolio.

Nephila Capital Limited manages a re-insurance fund. 

Insight Investment Management (Global) Limited manages a liability driven investment portfolio.

Alpha Real Capital LLP manages a secure income alternative fund.

Aviva Investors Jersey Unit Trusts Management Limited manages a secure income alternative fund.  Although the Trustee has committed to investing in this fund, Aviva have not yet drawn down the funds committed.