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We are pleased to share our latest quarterly review of Border to Coast (BTC), covering 1Q26 fund performance, market backdrop, key risk considerations and discussion questions for LGPS fund oversight.
1Q26 was a challenging quarter, with positive absolute returns concentrated in EM equities and the UK Listed Equity Fund, while relative performance was mixed across the covered funds.
The report also discusses higher real yields, tight credit spreads and key questions around style exposure, diversification, interest-rate risk and credit risk.
For professional investors only.






Contact Camdor Global Advisors:
Emerson Chan
emerson@camdorglobaladvisors.com
Vittal Pathi
pathi@camdorglobaladvisors.com