DENMARK – A Danish pension fund has tendered a Japanese large-cap equities mandate via IPE-Quest.
The mandate is worth up to 50 million dollars (39.5 million euros).
The benchmark for the investment , which will be of at least of 30 million dollars, has not yet been decided. The broad range tracking error will be above three percent and no more than 10% and a track record of three years or more is a minimum requirement.
Managers must offer a segregated account – with no derivatives or short selling allowed.
The closing date is January 21.