Canadian investment consultancy Proteus Performance Management has put out to tender a $10m (€8.9bn) diversified equity mandate for a Canadian asset owner, using IPE Quest.
The asset owner is seeking proposals for equity pooled fund-management services for Canadian and global equities.
It is aiming to hire at least one provider to manage a portion of its equities.
The management can be active or passive.
According to search QN-2219, the asset owner is “benchmark agnostic but will either use S&P/TSX/MSCI World” or a combination of these.
It is looking for an investment process that actively integrates environmental, social and governance considerations – with an environmental focus.
Applicants should also have “an advanced process” for shareholder stewardship activities, such as voting and shareholder engagement.
Interested parties should have at least $1bn in assets under management in all/large-cap equities and a track record of at least three years.
Applicants should state performance, gross of fees, to the end of June.
The currency preference is for Canadian dollars, but the investor will consider other currencies “with the proper risk oversight”.
The deadline for applications is 23 September.
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 firstname.lastname@example.org.