Glasgow City Council is seeking to establish a framework of unconstrained global equity managers. The investment objective will be substantial out performance of the FTSE all world index or MSCI all countries index over rolling 5 year periods (minimum target +3 %). A wide range of investment styles will be considered.

The size of the individual mandate(s) is expected to lie within a 250 000 000 GBP to 500 000 000 GBP range. Multiple individual mandates may be awarded within the framework tenure of 4 years. The Council reserves the right to alter the value of funds awarded and may make more than one manager appointment.