# Transition Manager JPM-FBI

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Staffordshire County Council](/buyers/staffordshire-county-council/contract-awards)
- Contract winner: Macquarie Capital \(Europe\) Limited
- Award value: £86,190
- Tender value: £86,190
- Award date: 19 July 2023
- Published: 25 September 2023
- Contract start: 1 August 2023
- Contract end: 31 October 2023
- Stage: awarded
- Procurement category: services
- Notice ID: 9ab6c0f2-1c9f-46c6-8d6d-aa8c846a0eac-683005
- OCID: ocds-b5fd17-0ab40b26-c807-4381-8493-9057ec4c3c56

## Description

Transition manager, who will manage the divestment from J\.P\. Morgan and investment into the LGPS Central FBI fund\. The transition manager will reduce costs by transitioning assets 'in-specie' where possible and position the assets into the desired portfolio for the new investment\. Staffordshire Pension Fund invests in a variety of listed equity assets\. At the Pensions Panel on 6 June 2023, Members approved an increase in the Fund's allocation to Factor-Based Investment \(FBI\) equities from 5\.0% to 8\.8% of the Fund\. As part of this approval, an allocation of 4\.4% \(c£295m\) of the Fund was awarded to a new investment, the LGPS Central All World Equity Climate Multi Factor Fund\. The assets to fund this investment were approved to be taken from an existing manager, J\.P\. Morgan, who currently manage over 10% of Fund assets\.

## Related contract awards

- [Strategic Growth Corridors via YPO 1141\_23 Framework for Managing Consultancy and Professional Services](/contracts/ocds-b5fd17-4d0d85de-03d2-4707-a943-dab4787d9386): Staffordshire County Council
- [Internal Audit Call off Contract Data](/contracts/ocds-b5fd17-4f83ed70-0019-4e3f-a030-3a8a92227e67): Staffordshire County Council
- [Call off Data for Framework Agreement for the Provision of Repairs, Treatment and Maintenance of Roofs and Associated Works](/contracts/ocds-b5fd17-4caece45-4549-42e2-bfd6-4f25578f6ba4): Staffordshire County Council
- [Provision of Research Services - Macquarie](/contracts/ocds-b5fd17-e039d7a0-6bc3-4859-a03e-af5a306792e6): Border to Coast Pensions Partnership Limited

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/9ab6c0f2-1c9f-46c6-8d6d-aa8c846a0eac-683005)