The EPPF implements its Investment Strategy largely through a multi-manager arrangement. Value is further added through investment activities performed in-house by the Investment Management Unit (IMU), which is the investment management and operating arm of the EPPF.
The EPPF has adopted a “Core/Satellite” approach to structuring mandates (domestic and international). Portfolio mandates are specialized along the lines of asset classes, with EPPF endeavoring to select the best equity and bond managers. This is further refined by selecting the best “Core” and best “Satellite/Aggressive” equity and bond managers.
The IMU manages cash/money market management, listed equities, listed properties, tactical assets allocation and other value-added strategies.
The strategic asset allocation is reviewed by the Strategic Investments Committee and approved by the Board of Trustees, after considering advice and recommendations by the IMU. Other investment-related third party service providers are involved as required.