Asian investor tenders $70m commodities mandate using IPE-Quest

IPE-QUEST – An undisclosed Asian investor has tendered a $70m (€54.5m) global commodities mandate using IPE-Quest.

According to search QN1310, both fundamentally driven and discretionary managers will be considered.
 
The investor said it would prefer managers based in London or the US.

Managers are to employ the DJ UBS TR index as a benchmark and have at least $1bn in assets under management (AUM).

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

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

The closing date for applications is 22 July.

In a separate Quest search, QN1211, an undisclosed institutional investor based in Asia tendered a $20m private equity mandate for the Asia Pacific region, including Australia.

The investor will consider core, value-add, opportunistic, specific sector or diversified sector styles.

No benchmark has been specified.

Asset managers should have at least $500m in AUM for the mandate itself and $1bn for the company.

Interested parties must have a minimum track record of five years, stating performance, gross of fees, to the end of June.

Meanwhile, an undisclosed family office based in Europe has tendered a $3m-5m Chinese equity mandate.

According to search QN1312, managers should have a minimum track record of one year and a preferred track record of five years, and state performance, net of fees, to the end of May.

They should also employ the SH SE COMPOSITE index as a benchmark, observing a 0.5% minimum and 12% maximum tracking-error range.

The closing date for applications is 15 July.

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.