IPE-QUEST – An undisclosed institutional investor based in Asia has tendered a $250m (€190m) global large-cap equity mandate using IPE-Quest.

According to search QN1324, asset managers should have at least $3bn in assets under management for the mandate and $5bn for the company itself.

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

The benchmark for the mandate will be the MSCI World, although tracking-error guidelines are to be confirmed at a later date.

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

The closing date for applications is 23 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.