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IPE special report May 2018

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Asian investor tenders $150m GEM corporate bond mandate

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  • Asian investor tenders $150m GEM corporate bond mandate

IPE-QUEST – An undisclosed Asian institutional investor has tendered a $150m (€113m) global emerging market, investment-grade, corporate bond mandate using IPE-Quest.

According to search QN1329, asset managers will be prohibited from investing more than 10% in securities issued within a single country, or more than 5% of fund assets in any single issuer.

The fund in aggregate shall have a minimum credit rating of Ba1 as rated by Moody's, or BB+ as rated by S&P, according to the investor.

The mandate calls for the CEMBI Broad Diversified or CEMBI Diversified indices as benchmark, with tracking error ranging between 3% and 6%.

Asset managers should have at least $1bn in assets under management for the mandate and $5bn for the company itself.

They should also have a minimum track record of three years.

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

The closing date for applications is 19 August.

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

Your first step in manager selection...

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

  • QN-2435

    Asset class: CLOs.
    Asset region: Global.
    Size: USD 50m.
    Closing date: 2018-05-22.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

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