The move, the Partnership claims, follows strong performance and new inflows.
Graham Long, head of external management at Border to Coast, said: “Since its launch to the end of March 2021 the fund has outperformed its benchmark by over 4.5% per annum. To build on this success we would like to appoint a long-term strategic partner who shares our vision and commitment to responsible and sustainable investment.”
The UK Listed Equity Alpha Fund was launched in December 2018 to give partner funds exposure to UK equities through three complementary investment strategies currently managed by Baillie Gifford, Janus Henderson and UBS Asset Management.
To ensure the portfolio is well positioned for future risks and opportunities, Border to Coast is launching a search for additional managers, it announced.