All our day to day investment management is delegated to specialist investment managers or invested in funds, but we retain direct responsibility for asset allocation, manager selection and manager monitoring.
The delivery of our Fund is supported by a network of service providers covering investment and actuarial consultancy, manager selection and monitoring, investment analytics, ESG risk analysis, engagement, voting and communications.
We seek to take a long term approach in working with our suppliers, building an effective partnership and achieving continuous improvement, particularly in the area of responsible investment. We believe this will make us more effective in delivering our outcomes.
We expect high quality and excellent performance from our suppliers and we are looking for great value for money for the Fund. We have been developing a “covenant” for investment managers, which lays out our expectations in further detail.
Our investment consultants are Mercer. While the Fund makes its own decisions on where to invest, after taking advice, all prospective managers/funds are advised to register on Mercer’s Global Investment Manager Database™ (GIMD™), (www.mercergimd.com).
We are very keen to work with other asset owners on collaborative procurements and shared investment opportunities, and would be pleased to explore such opportunities with our peers.
To find out more about our approach to investing, you can visit our Responsible Investment section.
In September 2014 the Environment Agency Pension Fund launched a search for new managers for its global sustainable equity mandate and has now successfully completed the appointment of 4 new Sustainable Equity managers. To read information on our search criteria, our successful appointments, and an insight into the global sustainable equity market please click here.
We have a variety of mechanisms we use to find and select managers and advisors: