A Danish pension fund has tendered a $100m (€88.4m) global large/mid-cap climate transition equities mandate via IPE Quest.

According to search QN-2603, the selected manager must be willing to act as advisor to a segregated account.

The appointed manager must be capable of beating the MSCI AC World Index (Bloomberg ticker: NDUEACWF Index) independently of the market.

The secondary benchmark is expected to be MSCI AC World EU Climate Transition Index or a similar EU CTB benchmark.

The pension fund is also requesting the mandate be an actively managed long-only product, based either on a quantitative or qualitative investment process.

The brief should be managed by a team with competences within renewables technology and the team should be able to document its support to the transition for a lower carbon world.

Applicants – which should state performance up to 31 December 2019, gross of fees – have a deadline of 20 March 5pm UK time to apply.

The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation 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.