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Mandate roundup: IPE-Quest, PGGM, MSCI ESG Research

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  • Mandate roundup: IPE-Quest, PGGM, MSCI ESG Research

EUROPE – A Swedish insurance company is looking to tender a $200m (€157m) global large-cap equity mandate, using IPE-Quest.

In search QN1263, the insurer said the fund manager would need to apply an actively managed, fundamentally based, global equity strategy.

The manager should also be comfortable increasing the emerging market exposure up to 30% of the total portfolio.

The fund manager is to employ the MSCI All Country World index as a benchmark or adopt a custom-made 70% developed market/30% emerging market strategy.

Interested parties should have at least $500m in assets under management (AUM) for the mandate itself, while the investor calls for a minimum of $1bn in AUM for the applying company.

Tracking error should range between 2% and 8%.

The investor calls for a minimum track record of five years and a preferred record of three years.

Interested parties should state performance, gross of fees, to the end of September.

The closing date for applications is 22 November.

Meanwhile, PGGM, the €125bn pension provider and asset manager for schemes in the Dutch care sector, has appointed MSCI ESG Research to provide environmental, social, and governance (ESG) research, ratings and screening tools.

PGGM subscribed to MSCI ESG Research's full suite of products including MSCI ESG IVA for ESG ratings, MSCI ESG Impact Monitor for reputational risk assessments and MSCI ESG Business Involvement Screening Research.

Remy Briand, head of MSCI Index and ESG Research, said: "PGGM considers sustainability issues as material and believes ESG integration into its ownership and investment decision-making processes can have a positive impact on clients' long-term risk-adjusted financial returns."

Briand added that PGGM applied a broad range of advanced responsible investment strategies from engagement to exclusions.

Last month, PGGM announced it had developed a responsible investment policy specifically for its private equity investments, as part of its plan to apply ESG factors to all its investment processes.

PGGM has supported the development of the UN's Principles for Responsible Investment and was one of the signatories at the PRI's launch in 2006.

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.

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IPE-QUEST

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IPE-Quest is a manager search facility that connects institutional investors and asset managers.

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    Asset class: Local Currency or Blend Debt.
    Asset region: Global Emerging Market .
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