Redington has today announced its appointment as strategic investment adviser to the University of London’s Unified Trust Fund. The University of London is a leading provider of digital and blended distance education to more than 45,000 students across 190 countries, with over 500,000 alumni around the globe.
Redington will support the University’s internal team and Investments Committee on all areas of investment strategy, with key priorities including:
- research to ascertain and refresh the Committee’s long-term investment objectives and constraints, including a survey of all key stakeholders;
- a complete Strategic Asset Allocation review;
- best-in-class manager selection to implement the strategy;
- and enhance its current sustainable investment objectives while ensuring alignment with the University as a whole.
The appointment marks the latest procurement by Redington’s Global Assets team, which provides bespoke investment research and advice, as well as best-in-class manager selection, to a growing range of clients, including wealth managers, endowments, foundations, charities, family offices and insurers, across the world.
Redington’s Global Assets team provides advice to clients with £238bn worth of combined assets.
Commenting on the appointment, Tara Gillespie, Head of Global Assets at Redington, said: “The University of London has been a pioneer in providing students with life-changing access to education, whoever and wherever they are – and we’re delighted to be supporting it on that admirable mission. We are very excited to begin our work with the team and to be helping tailor its investment strategy to enable the university to continue this legacy.”
Rita Akushie, Pro Vice-Chancellor Finance and Operations at the University of London, commented: “Through a competitive process, Redington’s experienced team demonstrated their outcome-focused approach to portfolio construction to align with our long-term investment, sustainability and strategic goals, which is crucial in order for us to deliver on our mission. We look forward to working with Redington on this next exciting phase.”