Announcements & Press Releases

WHEB Asset Management wins its first Local Government Pension Scheme mandate


  • WHEB wins Local Government Pension Scheme (LGPS) mandate
  • West Midlands Pension Fund (WMPF) appoints WHEB to multi-provider framework agreement for Sustainable Equities to be available to all LGPS Central Pool authorities
  • WMPF awards contract to WHEB under framework agreement

Friday 15th March 2019, London

WHEB Asset Management has achieved a major milestone with the appointment to its first institutional separate account mandate.

WHEB has been awarded the contract for a multi-provider framework for West Midlands Pension Fund (WMPF) Sustainable Equities mandate. The framework will be made available to all nine LGPS Administering Authorities in the LGPS Central Investment Pool as well as LGPS Central Ltd.

WMPF has appointed WHEB from the framework agreement to manage the active global sustainable equity mandate for the Fund. The mandate is expected to be managed using the same strategy as the existing FP WHEB Sustainability Fund and the Pengana WHEB Sustainable Impact Fund.

George Latham, Managing Partner of WHEB Asset Management said:

“The WHEB team developed a solutions-focused strategy for sustainable investing well over a decade ago. This approach is increasingly being recognised for its ability to play an important role as part of the suite of measures to deliver investment strategies. WHEB is at the cutting edge of this progression. We are very excited to see the vision of WMPF in launching this mandate as part of the largest allocation to actively managed sustainable equities ever made in the UK.

The WMPF award is also a major milestone in WHEB’s own journey. We will continue to invest in both our investment and client servicing capabilities and build on the leading position we have established in sustainable and impact investing.”

Jill Davys, Assistant Director – Investments and Finance at West Midlands Pension Fund commented:

“WHEB’s investment strategy integrates sustainability and the opportunities from the transition to a low carbon and more sustainable economy at its core. West Midlands Pension Fund’s objective is to align our investment strategy for long term sustainable returns and we are therefore delighted to appoint WHEB for this global sustainable equity mandate.”

Contacts:

George Latham, Managing Partner, WHEB Asset Management

george.latham@whebgroup.com

Libby Stanley, Business Development Manager, WHEB Asset Management

libby.stanley@whebgroup.com

 

About WHEB Asset Management:

WHEB is a positive impact investor focused on the opportunities created by the transition to a low carbon and sustainable global economy. We are well known and respected for our experience, expertise and innovation in sustainable and impact investing. We focus on a single global equity strategy, which has been developed over the long-term and tested across market cycles. We are an owner managed partnership that is incentivised to take long-term decisions.