Belgian OFP tenders €50m balanced mandate using IPE-Quest
03 Aug 2012
BELGIUM - A Belgian pension fund has launched a €50m search to appoint an asset manager to a balanced mandate, using IPE-Quest.
According to the details of search QN 1250, the Belgian scheme would delegate responsibility for its entire portfolio - excluding real estate - to the manager, with the mandate's goal a 4% real return per annum.
The 4% annual return target is meant to prevent any future contribution increases that would otherwise be necessary, as the scheme - a Belgian organisation for financing pensions (OFP), the country's cross-border vehicle - is expected to become cashflow negative by the beginning of the next decade.
The discretionary, balanced mandate was selected as an approach as the fund does not want to limit investments to one specific asset class.
Interested parties do not have to meet a minimum asset under management threshold, nor have a set number of years experience in the market, with the OFP also not specifying a deadline outside of its 4% real return target.
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 jayna.vishram@ipe-quest.com.
Author: IPE staff
