Border to Coast Pensions Partnership (BCPP), United Kingdom: Core Multi-Asset Credit Manager Search -Completed

Following a procurement process started in      August 2019, the       Border to Coast Pensions Partnership (BCPP) in the United Kingdom appointed PIMCO to manage a Core Multi-Asset Credi (MAC) mandate      which is expected to be launched in early 2021.

The fund will sit within Border to Coast’s fixed income fund range and will offer its partner funds access to higher-yielding areas of public fixed income markets. The MAC strategy will target cash plus 3% to 4% pa through a diversified portfolio of high yield bonds, leveraged loans, emerging market debt, securitised credit and other fixed income assets. The Fund will be constructed with a core-satellite structure consisting of a core MAC manager, PIMCO, and a series of complementary single asset class specialists.