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HSBC wins frontier equity mandate

11 February 2014

Cornwall Pension Fund chooses the asset manager

Cornwall Pension Fund has chosen HSBC Global Asset Management as one of two managers to collectively manage £60m in active frontier market equities.

The £1.4bn pension fund has restructured its equity programme which represents 25% of total assets. The programme now comprises 60% global equities, 20% active emerging market equities and 20% active frontier market equities. 

"Like all pension funds, we are focused on where we are likely to see investment growth in the future. We are confident that in HSBC Global Asset Management we have secured a partner with deep insight into the companies that will be at the forefront of the growth in the next wave of developing economies," said Matthew Trebilcock, pension investment manager of Cornwall Pension Fund.

Julian Brown at JLT Investment Consulting advised Cornwall on this strategic allocation and consultancy firm bfinance assisted with the manager search.

The HSBC frontier markets equity strategy invests across more than 25 frontier market countries.

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