IPE-QUEST: Danish fund tenders Europe large caps
DENMARK - Danske Bank is conducting a search for long-only European large-cap equities on behalf of a Danish pension fund via IPE-Quest.
The search, QN665, is for an initial €100m. It says: "We are looking for an active manager with a fundamental bottom-up driven investment process combined with a demonstrated ability to successfully manoeuvre across different investment styles and under varying market conditions.
"However, it is not required that the track record has been build with the same firm.
"Tracking error should exceed 4%. The benchmark is MSCI Europe. The investment universe is defined as European large cap stocks but opportunities in the mid cap space may occasionally be exploited and investments outside the benchmark are allowed."
The closing date is October 16.