An undisclosed investor based in Australia has tendered a AUD100m (€70m) large-cap equity mandate using IPE Quest.

According to search QN-2240, the client is looking for an active value manager.

Although the client has no requirements for minimum assets under management, managers should have a minimum track record of two years – and preferably three.

Managers should also observe a minimum tracking error of 2% relative to the S&P ASX 300 or 200 indices.

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

The deadline for applications is 16 December.

The IPE 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 direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email