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LGPS Central

PRI reporting framework 2020

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基本情報

OO 01. Signatory category and services

01.1. 組織または組織が提供するサービスに最もよく当てはまる種類を選択してください。

01.3. 補足情報 [任意]

LGPS Central Limited (LGPS Central) is authorised and regulated by the Financial Conduct Authority (FCA) as an asset manager and operator of alternative investment funds. The Company is one of eight Local Government Pension Scheme Pools in the UK and manages the assets of eight local government pension funds in the Midlands (UK). LGPS Central was formed in April 2018 and is owned equally by all eight of its Partner Funds and is dedicated solely to the management of local government pension assets. The aim of the Company is to use the combined buying power of its Partner Funds to reduce costs, improve investment returns and widen the range of available asset classes for investment – all for the benefit of local government pensioners, employees and employers. LGPS Central Partner Funds have combined pooled assets of circa £45 billion. At the time of submitting this report, LGPS Central manages circa £18 billion of assets directly and under advisory agreements with individual Partner Funds. For the reporting year (2019) we report on circa £9 billion of assets held in the pool under an Authorised Contractual Scheme (ACS) fund structure invested in listed equities. More ACS funds are being launched in 2020 across asset classes and will be reported on to the PRI in 2021. 


OO 02. Headquarters and operational countries

02.1. 組織の拠点がある場所を選択してください。

United Kingdom

02.2. オフィスが所在している国数を記載してください(本部を含む)。

02.3. 組織が正規雇用しているスタッフのおおよその人数を記載してください。

64 正規職員

02.4. 補足情報 [任意]


OO 03. Subsidiaries that are separate PRI signatories

03.1. 組織内に単独でPRI署名機関となっている子会社があるかどうかを記載してください。

03.3. 補足情報 [任意]

LGPS Central is fully owned by its eight Local Authority Pension Scheme Partner Funds who are joint shareholders and clients of LGPS Central. Since inception of LGPS Central in April 2018, assets are gradually being transferred from Partner Funds to the pool and over time it is expected that the vast majority of assets will sit within LGPS Central. LGPS Central reports to the PRI on behalf of all Partner Funds. One of LGPS Central's Partner Funds, West Midlands Pension Fund, has historically been a PRI member. 


OO 04. Reporting year and AUM

04.1. 報告年度の最終日を記載してください。

31/12/2019

04.2. 報告年度末のAUM合計を記載してください。

子会社のAUM(顧問業務/執行のみの資産を除きます)を含みますが、(OO 03.2で「いいえ」と回答した)報告しないことを選択したPRIの署名機関である子会社のAUMを除きます。
Total AUM
10億 100万
Currency
Assets in USD
10億 100万

04.5. 補足情報 [任意]

LGPS Central reports to the PRI on assets held in the pool under an Authorised Contractual Scheme (ACS) fund structure. As per December 2019, LGPS Central has launched six ACS sub-funds, four of which are in passive listed equities and two are in active listed equities. More ACS sub-funds are being launched in 2020 across other asset classes, which will be reported on next year.  


OO 06. How would you like to disclose your asset class mix

06.1. どのように資産クラス構成を開示したいかについて記載してください。

組織内で運用
組織外で運用

 

上場株式 >50% 66.61 10-50% 33.39
債券 0 0 0 0
プライベートエクイティ 0 0 0 0
不動産 0 0 0 0
インフラ 0 0 0 0
コモディティ 0 0 0 0
ヘッジファンド 0 0 0 0
ファンドオブヘッジファンズ 0 0 0 0
森林 0 0 0 0
農地 0 0 0 0
包括的な金融 0 0 0 0
現金 0 0 0 0
短期金融市場商品 0 0 0 0
その他(1)(以下に具体的に記入してください) 0 0 0 0
その他(2)(以下に具体的に記入してください) 0 0 0 0

06.2. 添付の画像に従って組織の資産クラス構成を公表する

06.3. 組織にオフバランスシート資産はありますか?

06.5. 組織がフィデューシャリー・マネージャーを使うかどうかを記載してください。

06.6. AUM資産クラス分割について説明する情報を記載してください。 [任意]

LGPS Central is set up to provide investment opportunities to its eight Partner Funds that are suited to their investment beliefs and strategies. In line with this, we inherently take a long-term approach and view Responsible Investment (RI) as supportive of risk-adjusted returns over the time horizon of Partner Fund investments. Linked to this is a view that diversification across investments with low correlation improves the risk return profile. As of submission of this report (March 2020) we offer investment opportunities to Partner Funds across listed equities, corporate bonds, infrastructure and private equity. LGPS Central Partner Funds take a view that financial markets could be materially impacted by climate change and by the response of climate policymakers. In October 2019, LGPS Central launched a Climate Multi Factor Fund which incorporates three key climate change considerations; carbon emissions, fossil fuel reserves and green revenues. This Fund has been designed to take into account the risks and opportunities associated with climate change, and at the same time achieve superior investment returns over the long-term.    


OO 07. Fixed income AUM breakdown (Not Applicable)


OO 08. Segregated mandates or pooled funds (Private)


OO 09. Breakdown of AUM by market

09.1. 組織のAUMの内訳を市場別に示してください。

90.4 先進国市場
9.6 新興国市場
0 フロンティア
0 その他の市場
合計100% 100%

09.2. 補足情報 [任意]


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