IPE - An undisclosed institutional investor based in Europe has tendered a $100m (€80m) European small-cap equity mandate using IPE-Quest.
According to QN1251, the investor is looking for an active approach to a core, value or growth style for European small caps, including the UK.
The mandate requires that applicants have at least $750m in assets under management (AUM) for the mandate and $2bn in AUM for the company itself.
The minimum tracking error will be 4%, the maximum, 7%.
The MSCI Europe Small Cap will serve as benchmark.
Interested parties should have a minimum track record of three years and state performance, gross of fees, to the end of June.
The closing date for applications is 19 September.
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 directly from IPE-Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email email@example.com.