European investor tenders CTA/managed futures mandate
IPE-QUEST – An undisclosed investor has tendered a $30m (€22.5m) CTA/managed futures mandate for both its Swiss and UK pension funds, using IPE-Quest.
According to search QN1330, asset managers are expected to outperform LIBOR by at least 4%.
Applicants are to have at least $250m in assets under management (AUM) for the mandate itself.
Because the investor is looking for a "non-benchmark orientated" manager, no tracking-error guidelines will apply.
Interested parties should have a minimum three-year track record, although five years is preferred.
They should also state performance, net of fees, to the end of June.
The closing date for applications is 20 August.
In a separate IPE-Quest search, QN1331, the same investor tenders a $30m global tactical asset allocation mandate.
All other specifications – including performance target, AUM requirements and track record – are the same as for search QN1330.
The closing date for this mandate is also 20 August.
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.