AEIA Adviser Re-Appointed by North Yorkshire Pension Fund
AllenbridgeEPIC Investment advisers Limited (â€œAEIAâ€) is pleased to announce that PhilipÂ Williams, senior adviser at AEIA, has been re-appointed as independent investmentÂ adviser to the Â£1.2 billion North Yorkshire Pension Fund.
Neil Sellstrom, Principal Accountant with the Fund said: â€œAfter a competitive tenderingÂ exercise we are pleased to re-appoint Philip Williams from AEIA to the role ofÂ independent adviser. He will work with Mercer Investment Consulting, who have beenÂ appointed investment consultants to the Fundâ€.
Commenting on AEIAâ€™s appointment to the Fund Christopher Edge, Chief Executive, said:
â€œI am delighted that another leading Local Authority Pension Scheme (LGPS) hasÂ appointed us as their independent investment adviser. This represents a significantÂ further step in our involvement with the public sector. AEIA now advises five LGPSÂ funds*, with a total value of assets under management of over Â£8.0 billion.
â€œWe estimate that only around half of the UKâ€™s 99 LGPS funds currently employÂ an independent investment adviser. Such advisers sometimes work in conjunctionÂ with fundsâ€™ actuarial investment consultants, and in other cases act in a sole capacity.Â AEIAâ€™s advisers are comfortable working in either role and we see significant potential toÂ build on our existing presence in this very important sector. This is particularly the caseÂ as our team of advisers, through their association with AEIA, benefit from FSAÂ regulation and professional indemnity insurance cover, which may not be theÂ case for individuals acting in isolation.â€
Chris Edge also said: â€œNorth Yorkshire has been at the forefront in actively embracingÂ some of the most up-to-date thinking regarding pension scheme investment assets, andÂ at AEIA we look forward to assisting other public and private sector schemes in thisÂ direction.â€
Edge continued: â€œPhilip Williams (see details below) advises three of AEIAâ€™s LGPS clients,Â whilst we have recently strengthened our experience in the public sector through theÂ appointment to our Investment Panel of Peter Scales, OBE, former chief executiveÂ of the London Pension Funds Authority.â€
AEIA Adviser Appointed by London Borough of Islington Pension Fund
AllenbridgeEPIC Investment Advisers (â€œAEIAâ€) is pleased to announce that the LondonÂ Borough of Islington has appointed AEIA to be the Independent Investment Adviser toÂ its Pension Fund (â€œthe Fundâ€). Karen Shackleton, a senior adviser with AEIA, and aÂ member of AEIAâ€™s Investment Panel, will act as the individual advising the Fund.
In that capacity, one of AEIAâ€™s early tasks will be to carry out an assessment of theÂ performance of London Borough of Islingtonâ€™s current investment managers, whoÂ include: Framlington Group Ltd, UBS Global Asset Management, Insight Investment,Â Goldman Sachs Asset Management, Standard Life Investment Ltd, Capital InternationalÂ Ltd, Pantheon Ltd and Morley Fund Management.
Commenting on AEIAâ€™s appointment to the Fund Christopher Edge, Chief Executive,Â said: â€œI am delighted that another leading Local Authority Pension Fund has appointedÂ us as their independent investment adviser. This represents a significant further step inÂ our involvement with the public sector. We look forward to working closely with the
Fund to help in meeting the investment challenges that confront schemes in both theÂ public and the private sector. AEIAâ€™s panel structure provides a vital mechanism to keepÂ pension fund advisers fully up to speed with developments in the markets and theÂ investment industry overall.â€
Andy Nutter, London Borough of Islingtonâ€™s Assistant Director of Finance, said: â€œWe lookÂ forward to working with Karen and AEIA to ensure that the Pension Fundâ€™s strategicÂ asset allocation targets and investment performance objectives are successfullyÂ achieved by our investment managers. We believe that it is essential for public sectorÂ pension schemes to seek the highest quality independent investment advice, in orderÂ that the funding of the liabilities can be achieved as cost-effectively as possible.â€
Allenbridge Group Acquires EPIC Investment Advisers
Allenbridge Group plc, the specialist investment advisory company, is pleased toÂ announce that it has become the largest single shareholder in EPIC InvestmentÂ Advisers (EIA), the leading independent consultant to pension fund trustees,Â having purchased 51% of the equity from Syndicate Asset Management. The newÂ company is known as AllenbridgeEPIC Investment Advisers (AEIA).
EIA was originally established by a group of senior City fund managers in 2003 toÂ serve the growing demand for independent advice on governance and investmentrelated issues in the pensions arena. It currently advises pension funds with totalÂ assets under management of Â£8 billion
The Myners review in 2001 (and a further report in 2004) highlighted the need*Â toÂ raise the level of knowledge and competence in trustee boards and to strengthenÂ the decision-making processes of investment committees. Chris Edge, Chief Executive of AEIA, said: â€œWe are delighted to have joinedÂ Allenbridge. Our move to a recognised impartial adviser establishes anÂ independent base, underlining the integrity of our advice. We believe the timing ofÂ the merger is particularly significant, in a market where research by the EconomistÂ Intelligence UnitÂ shows that trustees need access to good quality expert advice inÂ a number of specialist areas. We are particularly looking forward to working closelyÂ with Allenbridgeâ€™s highly regarded hedge fund research team, adding to ourÂ knowledge of alternative asset classes.â€
Anthony Yadgaroff, Group Managing Director of Allenbridge, said: â€œThe fit of AEIAâ€™sÂ business model with our established advisory business to banks, funds andÂ institutions is attractive. We are excited by the prospect of working with AEIAâ€™sÂ talented and experienced team to develop the many opportunities for growth in theÂ pensions market.â€
EPIC Investment Advisers in Merger Talks
EPIC Investment Advisers (EIA), the leading independent consultant to pension fund trustees, is pleased to announce that it has entered into exclusive merger negotiations with Allenbridge Group plc, the specialist fund management performance appraisal business. EIA was established by a group of senior City fund managers in 2003 to serve the growing demand for independent advice on governance and investment-related issues in the pensions’ arena.
EPIC Investment Partners, of which EIA had been a division since 2003, was acquired in January 2007 by Syndicate Asset Management, the specialist fund management consolidator.
The Myners review in 2001 (and a further report in 2004) highlighted the need* to raise the level of knowledge and competence in trustee boards and to strengthen the decision-making processesÂ of investment committees.
Chris Edge, Chief Executive of EIA, said: ‘We believe it is important for the next stage of our development that we clearly establish an independent base. The change of ownership from an investment management house to a recognised impartial adviser will help to underline the integrity of our advice.’
Anthony Yadgaroff, Group Managing Director of Allenbridge, said: ‘The fit of Epic’s business model with our established advisory business to banks, funds and institutions is attractive. We are excited by the prospect of working with Epic’s talented and experienced team to develop the many opportunities for growth in the pensions’ market.’