Danish fund tenders credit brief via IPE-Quest
DENMARK – A consulting firm has tendered a mandate of around 125 million euros for a Euro credit manager on behalf of a Danish pension fund via IPE-Quest.
“The mandate is for a Euro credit manager (fixed income), with investment focus in the rating interval AAA to BBB (Standard & Poor’s rating).” There are limited investments in non-euro securities, which should be hedged.
The benchmark is MSCI Euro Credit Index, though deviations will be acceptable. The consultant, Kirstein Finans, will supply its client with a list of three to five possible managers.
The closing date is September 11.