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Danske seeks manager for $1.2bn emerging market debt mandate

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  • Danske seeks manager for $1.2bn emerging market debt mandate

GLOBAL – Danske Capital is searching for a manager to oversee $1.2bn (€890m) in emerging market debt investments, using IPE-Quest.

According to search QN1281, the chosen emerging market local debt manager would be asked to benchmark against the JP Morgan Government Bond Index-Emerging Markets (GBI-EM) while applying an active management strategy to the debt denominated in local currency.

The asset management division of Danske Bank said the investments would be held within a UCITS III-compliant arrangement, either as a segregated account or sub-advised mandate.

It stressed that the investment approach must be active and that no passive or semi-passive approaches would be considered.

It would prefer a manager with a proven track record, employing an investment team that has worked together managing emerging market debt for a long period of time.

However, despite asking for a proven track record and requesting that any submitted track record be for the manager's standalone local currency debt product, it did not specify an absolute or preferred minimum track record.

Any further questions regarding the search can be addressed to Danske's senior portfolio manager Esben Orum Tiedemann, whose contact details can be found on the search document.

Interested parties should submit their applications through IPE-Quest by 19 February, stating their gross of fees performance to the end of December.

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

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

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

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