Mandate roundup: IPE-Quest, Tees and Hartlepool, Buck Consultants
GLOBAL – A European multi-manager is searching for an investment manager to oversee a $50m (€39m) Chinese equity fund, using IPE-Quest.
In search QN1262, the multi-manager said it would prefer to appoint a small to mid-size boutique manager to oversee the fund.
Candidates will stand out if they have a "unique differentiation factor and a long track record", the search added.
Managers must be Qualified Foreign Institutional Investors (QFII) under Chinese law, providing access to the country's A and H shares with the possibility to hedge.
"Daily liquidity is preferred," it added. "The preferred benchmark is MSCI China 10/40. However, absolute return strategies are also considered."
The client will draw up a shortlist of managers based on all submitted requests for proposal and may be asked to make a personal presentation.
Applicants have until 27 November to apply, submitting performance to the end of October.
In other news, the Tees and Hartlepool Port Authority pension fund has appointed Buck Consultants as investment consultant.
The company will provide both actuarial and investment advice for the £110m (€137m) scheme, serving employees of PD Teesport in the north east of England.
Buck successfully beat six other applicants, including the fund's incumbent consultant.
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 firstname.lastname@example.org.