IPE-QUEST – An undisclosed European institutional investor has tendered a global healthcare equity mandate using IPE-Quest.

According to search QN1305, the size of the mandate has not yet been determined.

The investor says asset managers should have at least $100m (€75m) in assets under management (AUM) for the mandate itself and $1bn in overall AUM for the company.

There are no tracking-error guidelines for the mandate.

Applicants should have a track record of at least three years, and state performance, net of fees, to the end of May.

The closing date for applications is 5 July.

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 jayna.vishram@ipe-quest.com.