Investment Manager mandates
| Asset Class / Manager | Performance benchmark | Performance target |
|---|---|---|
| UK Equities | ||
| Schroders | Customised | +1.5% pa over rolling 3 years |
| Woodford | FTSE All Share | Unconstrained |
| SSgA | FTSE All Share | Match |
| Global Equities | ||
| Baillie Gifford | Customised | +1.5% pa over rolling 3 years |
| Sarasin | MSCI AC World Index NDR | +2.5% over rolling 3 - 5 years |
| M&G | MSCI AC World Index GDR | +3% pa |
| Schroders | MSCI AC World Index NDR | +3% - 4% pa over rolling 3 years |
| Impax | MSCI AC World Index NDR | +2% pa over rolling 3 years |
| SSgA | FTSE World ex UK | Match |
| Fixed income | ||
| Schroders | 3 months Sterling Libor | +4% pa over rolling 3 years |
| GSAM | None | +3.5% to 6% Absolute over rolling 3 years |
| Property | ||
| DTZ | IPD Pension Fund Index | Match or exceed 3 year rolling average of benchmark returns |
| Fidelity | IPD UK PF All Balanced Property Fund Index | |
| Kames | IPD UK PF All Balanced Property Fund Index | |
| M&G | IPD UK PF All Balanced Property Fund Index | |
| Alternatives Cash/Other assets | ||
| Private Equity – YFM | GBP 7 Day LIBID | |
| Private Equity – HarbourVest | GBP 7 Day LIBID | |
| Infrastructure – Partners Group | GBP 7 Day LIBID | |
| Infrastructure - Henderson | GBP 7 Day LIBID | |
| Absolute Return – Pyrford | Retail Price Index (RPI) | RPI + 5% |
| Internally managed cash – Kent County Council Treasury and Investments team | GBP 7 Day LIBID |