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Swiss pension fund tenders $150m corporate bond mandate

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  • Swiss pension fund tenders $150m corporate bond mandate

IPE-QUEST - A large, undisclosed Swiss pension fund has tendered a $150m (€116m) global corporate bond mandate using IPE-Quest.

According to QN1258, the investor is looking for a mix of investment grade and high yield, with a 30% maximum allocation for the latter.

The mandate calls for a benchmark comprising the Barclays Global Aggregate Corporate Bond (80%) and the Barclays Global High Yield (20%) indices.

Interested parties should have at least $30bn in assets under management (AUM) and $500m in AUM for the mandate itself, although this will not be strictly applied, according to the investor.

Applicants must have a minimum five-year track record, stating performance, gross of fees, to the end of September.

The maximum tracking error is 4%.

The closing date for applications is 17 October.

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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  • QN-2558

    Asset class: Private Equity.
    Asset region: Global or Swiss.
    Size: USD $5-10m.
    Closing date: 2019-08-20.

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

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