The £30bn (€33bn) Brunel Pension Partnership has issued a call for expressions of interest for its new £1.5bn multi-asset credit (MAC) sub-fund and has released an invitation to tender for its £1.2bn sterling corporate bond fund.The MAC portfolio will invest in several specialist bond sectors, such as high yield corporate bonds, bank loans, asset-backed securities and emerging market debt, the investment pool announced.The plan is to gain exposure to a range of more specialised, higher-yielding bond investments that collectively provide a diversifying, moderately high-return portfolio, it added.Brunel expects to spread the MAC portfolio between managers with diverse and complementary approaches. “We look forward to seeing how managers align their submissions with Brunel’s climate change policy,” it added. The deadline for receipt of expressions of interest for the MAC fund is 11am UK time on Tuesday 1 September 2020. Prospective managers should contact Brunel via email ([email protected]) for further information and a submission template.Daniel Spencer, senior investment officer at Brunel, said: “Multi-asset credit provides an exciting opportunity for our clients to gain access to sub-investment grade credit in a diversified and understandable manner, with strong ESG integration.”He said the strategy will be highly differentiated from Brunel’s other portfolio offerings, “providing our clients with an opportunity to reduce risk whilst maintaining reasonable levels of expected return through use of diversified credit”.“The multi-asset credit fund enables us to offer something different,” said Liz Woodyard, investments manager at Avon Pension fund, one of 10 Brunel partner schemes.“Broadening our asset allocation capabilities has potential benefits from both a diversification and an investment performance perspective,” she said.The MAC fund aims to gain exposure to a diversified portfolio of enhanced credit opportunities with modest-to-low exposure to interest rate risk.The performance objective is to outperform SONIA (Sterling Overnight Index Average) by +4-5% over a rolling three to five-year period. Selective exposure to investment grade corporate bonds will be permitted, the pool announced.The sub-fund will be delivered through the ACS platform Brunel has developed in conjunction with FundRock. The formal launch is scheduled for Q1 2021.Investment consultancy Mercer is assisting Brunel throughout the process.As for the corporate bond fund, it will invest primarily in sterling-denominated bonds, following the iBoxx Sterling Non-Gilt All-Maturities Bond index.Brunel PP said the strategy’s aim is to gain exposure to sterling bond markets and the credit risk premium, and its exposure is expected to include securitised debt and some off-benchmark bonds – such as unrated bonds, high yield bonds and non-sterling bonds – in order to enhance returns.The £1.2bn corporate bond portfolio will be delivered through the ACS platform Brunel has developed in conjunction with FundRock. The formal launch is scheduled for Q1 2021.The pool will consider both active and buy-and-maintain approaches and individual managers may submit up to two tenders as appropriate.Stephanie Carter, senior investment officer at Brunel, said: “From the tender process, we will be looking for evidence of strong credit analysis, considered portfolio construction and robust ESG integration.”The pool stated that while proposed strategies should align with its performance expectations of 1% excess returns (net) relative to the benchmark, “we may consider buy-and-maintain submissions with alternative outperformance targets, given such strategies are not managed relative to benchmarks.”Brunel will not, however, consider quantitative approaches.The deadline for receipt of tenders for the corporate bond strategy is 11am UK time on Monday 17 August 2020. Prospective managers should contact Brunel at [email protected] to receive the briefing document and a submission template.Consultancies Mercer and Inalytics are assisting Brunel throughought the tender process for the corporate bond fund.To read the digital edition of IPE’s latest magazine click here.
August 14, 2020
What channel is Monday Night Football on?TV channel: ESPNLive stream: ESPN appESPN (and ABC) has been the home for “Monday Night Football” since its inception in 1970. You can find a live stream for MNF games at ESPN.com or by downloading the ESPN app.Joe Tessitore and Booger McFarland will have the call from the booth. McFarland was a sideline analyst last year, but moved into the booth when Jason Witten returned to the Dallas Cowboys following a stint in broadcasting that was not particularly well-received.Lisa Salters returns for her eighth season as sideline reporter, and John Perry is the crew’s new officiating analyst for 2019.Monday Night Football schedule 2019Week 1Sept. 9Texans at Saints (7 p.m. ET) The Chiefs have dominated their series with the Chargers of late, winning nine of the last 10, and are favored by 4 1/2 points in Monday night’s game. Much of that has to do with their quarterback.MORE: The glory days of “Monday Night Football”Patrick Mahomes has 6 touchdowns and no interceptions for a 122.2 passer rating in his two career games against the Chargers. He also is on a hot streak against AFC West teams in general and looking for his seventh division game in a row with a passer rating of 105 or better.His QB counterpart Monday night is coming off a rough game in LA’s loss to Oakland last week, but Philip Rivers still entered Week 11 leading the NFL in passing yards with 2,816. Rivers also tends to play well against Kansas City; he has 6,870 career passing yards against the Chargers, his most against any opponent.Below is all you need to know about Monday night’s game between the Chiefs and Chargers in Mexico City, including the kickoff time and TV channel.Who plays on Monday Night Football tonight?Kansas City Chiefs vs. Los Angeles Chargers in Mexico CityKickoff time: 8:15 p.m. ETIn both our NFL Week 11 picks against the spread and straight-up predictions, Sporting News projected a Chiefs victory over the Chargers on Monday night. Below are the explanations.Pick against the spread: The Chiefs were supposed to play this game in Mexico City against the other Los Angeles team last season, a shootout they lost in LA, instead. Kansas City will get back on track with plenty of Patrick Mahomes, set up well by the running game, ripping apart the Chargers’ defense. Philip Rivers will keep slumping against an underrated pass rush, and Melvin Gordon will not run well enough to save the night. Pick: Chiefs win 34-27 and cover the spread.Straight-up prediction: Let’s try this again. The field issues that forced Mexico City’s game to move to LA last year reportedly won’t resurface, so fans at Estadio Azteca finally will get their Patrick Mahomes show. Speaking of resurfacing, will the old Philip Rivers eventually show up this season? The Chargers are far from done as contenders in the AFC, but they’ll trend that way if their QB’s struggles continue. They’ll need big numbers from him Monday in order to keep up with the Chiefs. Pick: Chiefs 30, Chargers 26.MORE: Full betting preview for Chiefs vs. Chargers Sept. 9Broncos at Raiders (10:15 p.m. ET)Week 2Sept. 16Browns at JetsWeek 3Sept. 23Bears at RedskinsWeek 4Sept. 30Bengals at SteelersWeek 5Oct. 7Browns at 49ersWeek 6Oct. 14Lions at PackersWeek 7Oct. 21Patriots at JetsWeek 8Oct. 28Dolphins at SteelersWeek 9Nov. 4Cowboys at GiantsWeek 10Nov. 11Seahawks at 49ersWeek 11Nov. 18Chiefs at ChargersWeek 12Nov. 25Ravens at RamsWeek 13Dec. 2Vikings at SeahawksWeek 14Dec. 9Giants at EaglesWeek 15Dec. 16Colts at SaintsWeek 16Dec. 23Packers at Vikings Tonight’s “Monday Night Football” game is unique not because of the teams playing, but due to the location. The Chiefs and Chargers have played each other in the regular season 117 times, but Monday marks the first time the AFC West rivals will play a game in Mexico City.Week 11’s Chiefs vs. Chargers game, scheduled to kick off at 8:15 p.m. ET on ESPN from Estadio Azteca, is the fifth and final game of the NFL’s international series this season after four games in London. The stadium, located 7,201 feet above sea level in Mexico City, will host a regular-season NFL game for the fourth time (2005, 2016 and 2017).