Category: News

AEIA Adviser Re-Appointed by North Yorkshire Pension Fund

AllenbridgeEPIC Investment advisers Limited (“AEIA”) is pleased to announce that Philip Williams, senior adviser at AEIA, has been re-appointed as independent investment adviser to the £1.2 billion North Yorkshire Pension Fund.

Neil Sellstrom, Principal Accountant with the Fund said: “After a competitive tendering exercise we are pleased to re-appoint Philip Williams from AEIA to the role of independent adviser. He will work with Mercer Investment Consulting, who have been appointed investment consultants to the Fund”.

Commenting on AEIA’s appointment to the Fund Christopher Edge, Chief Executive, said:

“I am delighted that another leading Local Authority Pension Scheme (LGPS) has appointed us as their independent investment adviser. This represents a significant further step in our involvement with the public sector. AEIA now advises five LGPS funds*, with a total value of assets under management of over £8.0 billion.

“We estimate that only around half of the UK’s 99 LGPS funds currently employ an independent investment adviser. Such advisers sometimes work in conjunction with funds’ actuarial investment consultants, and in other cases act in a sole capacity. AEIA’s advisers are comfortable working in either role and we see significant potential to build on our existing presence in this very important sector. This is particularly the case as our team of advisers, through their association with AEIA, benefit from FSA regulation and professional indemnity insurance cover, which may not be the case for individuals acting in isolation.”

Chris Edge also said: “North Yorkshire has been at the forefront in actively embracing some of the most up-to-date thinking regarding pension scheme investment assets, and at AEIA we look forward to assisting other public and private sector schemes in this direction.”

Edge continued: “Philip Williams (see details below) advises three of AEIA’s LGPS clients, whilst we have recently strengthened our experience in the public sector through the appointment to our Investment Panel of Peter Scales, OBE, former chief executive of the London Pension Funds Authority.”


AEIA Adviser Appointed by London Borough of Islington Pension Fund

AllenbridgeEPIC Investment Advisers (“AEIA”) is pleased to announce that the London Borough of Islington has appointed AEIA to be the Independent Investment Adviser to its Pension Fund (“the Fund”). Karen Shackleton, a senior adviser with AEIA, and a member of AEIA’s Investment Panel, will act as the individual advising the Fund.

In that capacity, one of AEIA’s early tasks will be to carry out an assessment of the performance of London Borough of Islington’s current investment managers, who include: Framlington Group Ltd, UBS Global Asset Management, Insight Investment, Goldman Sachs Asset Management, Standard Life Investment Ltd, Capital International Ltd, Pantheon Ltd and Morley Fund Management.

Commenting on AEIA’s appointment to the Fund Christopher Edge, Chief Executive, said: “I am delighted that another leading Local Authority Pension Fund has appointed us as their independent investment adviser. This represents a significant further step in 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 the public and the private sector. AEIA’s panel structure provides a vital mechanism to keep pension fund advisers fully up to speed with developments in the markets and the investment industry overall.”

Andy Nutter, London Borough of Islington’s Assistant Director of Finance, said: “We look forward to working with Karen and AEIA to ensure that the Pension Fund’s strategic asset allocation targets and investment performance objectives are successfully achieved by our investment managers. We believe that it is essential for public sector pension schemes to seek the highest quality independent investment advice, in order that the funding of the liabilities can be achieved as cost-effectively as possible.”


Allenbridge Group Acquires EPIC Investment Advisers

Allenbridge Group plc, the specialist investment advisory company, is pleased to announce that it has become the largest single shareholder in EPIC Investment Advisers (EIA), the leading independent consultant to pension fund trustees, having purchased 51% of the equity from Syndicate Asset Management. The new company is known as AllenbridgeEPIC Investment Advisers (AEIA).

EIA was originally established by a group of senior City fund managers in 2003 to serve the growing demand for independent advice on governance and investmentrelated issues in the pensions arena. It currently advises pension funds with total assets under management of £8 billion

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 processes of investment committees. Chris Edge, Chief Executive of AEIA, said: “We are delighted to have joined Allenbridge. Our move to a recognised impartial adviser establishes an independent base, underlining the integrity of our advice. We believe the timing of the merger is particularly significant, in a market where research by the Economist Intelligence Unit shows that trustees need access to good quality expert advice in a number of specialist areas. We are particularly looking forward to working closely with Allenbridge’s highly regarded hedge fund research team, adding to our knowledge of alternative asset classes.”

Anthony Yadgaroff, Group Managing Director of Allenbridge, said: “The fit of AEIA’s business model with our established advisory business to banks, funds and institutions is attractive. We are excited by the prospect of working with AEIA’s talented and experienced team to develop the many opportunities for growth in the pensions market.”

 


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 processes 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.”