European pension fund in €58m manager search
EUROPE - A European corporate pension fund is currently running a preliminary search for managers for a large-cap European equities portfolio, with a value in excess of US$50m (€58m), via the IPE-Quest system
Although investors using IPE-Quest.com remain anonymous, the fund has said that it is looking for external managers offering an "idea-based investment process, with a sensible approach to risk-management. They should not be dependent on a highly quantitative process or rely only on bottom-up fundamental analysis."
The investment universe consists of listed pan-European companies with a free float of above US$1 bn (€1.2bn).
Interested asset managers should visit IPE Quest at www.ipe-quest.com. Deadline for the search is Monday January 28.