DENMARK - A Danish pension fund is looking to hire a specialist investment manager to deliver an Asian ex-Japan and ex-Pacific equities mandate, and is conducting its search through IPE-Quest.
Details of QN 1032 state the fund is looking to invest $80m (€56.7m) in an SRI-compliant Asian core active large-cap/all equities segregated account through a manager with a "fundamental, non-quantitative, long-term, bottom-up" investment approach", though it would see "skills in top-down country allocation" as an advantage.
The account will be benchmarked against the MSCI AC Asia ex-Japan Total Return index with a minimum tracking error of 5%, so the investment manager is primarily expected to "generate performance contribution and demonstrate skills in allocating risks in line with the investment process", though a "high information ratio across various market environments is also essential".
The pension fund said its preference is for investing in "local, boutique-driven products" and wants to work with a team led by a portfolio manager who is also focused on the investment and accountable for it, so it is seeking a management team who have at least five years' experience of working together.
Performance data must be stated to 31 March, 2009, gross of fees, and interested parties must be managing at least $500m within that sector.
Closing date for submissions is 17 July 2009.