EUROPE – A continental European pension fund has tendered a 100 million-dollar (82 million-euro) Japanese equities mandate via IPE-Quest.

The mandate is for an active Japanese equity portfolio benchmarked against the Topix or MSCI Japan.

The successful manager will need at least 500 million dollars of Japanese equities under management as well as outperformance over the last three to five years.

They should also have an ex-ante tracking error of three to seven percent, the ability to provide segregated account and some locally based analysts/portfolio managers.

The closing date is March 19.