Fund Managers

The Fund is managed by investment management companies:

State Street Global Advisors
Based in London, they manage a passive portfolio of UK and overseas equities.
They manage 30% of Fund Assets.

Blackrock
Based in London, their remit is to invest in UK Equities.
They manage 10% of Fund Assets.

Baillie Gifford
Based in Edinburgh they invest on behalf of the Fund in global equities.
They manage 20% of Fund Assets.

Barings
Based in London, they invest on behalf of the Fund in UK and Overseas bonds.
They manage 4% of Fund Assets.

Rogge
Based in London, they invest on behalf of the Fund in UK and Overseas bonds.
They manage 4% of Fund Assets.

Capital International
Based in London, Geneva and New York they invest on behalf of the Fund in global equities excluding the UK.
They manage 10% of Fund Assets.

Standard Life
Based in Edinburgh they invest on behalf of the Fund in European Private Equity
They manage 2.5% of Fund Assets.

HarbourVest
Based in London and New York they invest on behalf of the Fund in North American Private Equity.
They manage 2.5% of Fund Assets.

Aberdeen Property Investors
Based in London and Glasgow they invest on behalf of the Fund in direct property.
They manage 10% of Fund Assets.

A small portfolio of residual private equity holdings is managed by Aberdeen Assets Managers, with a portfolio of cash and private equity holdings managed internally by the Council.