Asia Pacific ex Japan mandate posted on IPE-Quest
28 Sep 2012
Asset consultant Kirstein has tendered a $50m Asia Pacific ex Japan equities mandate using IPE-Quest on behalf of an undisclosed Danish asset manager. Kirstein said the mandate's size, for the "right manager", could be increased significantly.
According to search QN1256, the selected asset manager is to function as the sub-adviser in a Danish mutual fund. The asset manager requires that the selected manager grant exclusivity on the strategy in the Kingdom of Denmark.
The target is to outperform the MSCI AC Asia Pacific ex Japan index - or similar indices such as the MSCI AC Pacific ex Japan - irrespective of the style in the market. The client is interested only in all cap or large-cap portfolios and actively managed, long-only products.
Neither multi-manager nor leverage will be allowed. The client also expects a tracking error of 4-10%, depending on process and excess return target.
Based on a quantitative and qualitative analysis, the manager search will result in a shortlist that Kirstein will provide to the client.
Interested parties should state performance to the end of August. The closing date for applications is 9 October.
The IPE.com news team is unable to answer any further questions about IPE-Quest tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE-Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email email@example.com
Author: Jayna Vishram