NETHERLANDS – A Dutch consultant has placed a tender for a 50 million euro European equity mandate on IPE-Quest on behalf of a Dutch pension fund.
The pension fund is reported as having a globally diversified investment portfolio that is partly managed in-house and partly outsourced to external managers. Following a review of one of the European equity mandates, the fund has decided to appoint a new manager.
The fund will us the FTSE Europe Index as a benchmark, and will have a maximum tracking error per month on an annual basis of 4%.
Closing date for applications is February 14.
A Swiss pension fund has also placed a tender on IPE-Quest. It is looking for active managers for emerging markets on a global basis. The benchmark is MSCI EMF Index. The size of the mandate will be up to 50 million dollars.
Further details of both mandates can be found on www.ipe-quest.com.