IPE QUEST - Danish asset manager Nykredit is looking to award a corporate bond mandate worth $200m (€140m), using IPE Quest.
Funds from search QN1178 will be invested in investment-grade companies within the euro-zone, with an initial assets under management (AUM) of $150m that is likely double over the course of the following three years.
Investors should apply the Bank of America-Merrill Lynch EMU Corporates BBB-A index as benchmark, while considering opportunistic investments in both non-euro corporate bonds and European government debt.
Experience of investing in these two asset classes is mandatory for successful application.
The company added: "The mandate will be set up as a segregated account, and the selected manager must be willing to manage a Danish mutual fund within our current Multi Manager Invest fund structure."
Due to its segregated nature, multi-manager products, as well as indexed or enhanced indexed products, will be prohibited, as will carved-out mandates.
Companies should have at least three years of trading experience, although companies with five years are preferred, with $2bn in assets.
Additionally, assets similar to the mandate should account for at least half of the company's AUM.
Questions regarding the search can be directed to Helene Bastue Kjær, portfolio manager at Nykredit Asset Management, with all applications due via IPE Quest by 22 April.
Submissions must be made stating performance gross of fees to the end of February.
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 direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email firstname.lastname@example.org