Local Pensions Partnership Investments’ (LPPI) internally managed global equity large cap portfolio returned 212.1 per cent over the past seven years, equal to annualised returns of 17.6 per cent, the pension pool specialist has revealed.

The performance puts the large cap portfolio in the top quartile of global portfolio manager peers, outperforming the MSCI World Index, which achieved a total return of 146 per cent over the seven years, or annualised returns of 13.7 per cent.

LPPI’s global equity small and mid-cap (SMID) portfolio, which launched in 2018, delivered total returns of 70.8 per cent over the past three years, or annualised returns of 19.4 per cent.

The MSCI World SMID Index achieved total returns of 31.8 per cent over the same period, equal to annualised returns of 9.6 per cent.

LPPI stated that both portfolios were managed with a common philosophy of investing in businesses with “long-term sustainable competitive advantages” and are supported by “durable runways for growth and high-quality management teams”.

Furthermore, the pool noted that the investment process centred around in-depth analysis of the portfolio holdings with ESG integrated into the process.

“The strong performance of the internally managed equity portfolios demonstrates that with a long-term philosophy centred around being selective owners of durable business models, we are able to deliver superior performance not only relative to the passive benchmark but also versus the commercial asset management peer group,” commented LPPI head of global equities, Richard Savage.

“The success of the portfolios could not have been achieved without a talented in-house equity analysis team and long-term focused clients who have demonstrated their belief and support for our investment approach. I would like to thank my team and our clients for their continued dedication and support.”

Share Story: