IPE QUEST - A corporate pension fund in Europe is looking to invest $50m (€36m) in global emerging market debt, using IPE Quest.
In mandate QN1140, the scheme indicated it would like exposure to both local and hard currency emerging market debt, but that exact allocation decisions to these asset classes would be left to the manager.
Additionally, the manager should not be benchmark-orientated.
It should have at least $500m (€360m) in assets under management in any emerging market debt vehicle and a minimum of $2bn managed by the company, which should possess at least three years of trading experience.
The European pension fund is asking for an active investment approach, applying a blended benchmark, with the hard currency exposure measured by the JP Morgan Emerging Markets Bond Index Global Diversified.
The benchmark for the $25m in local currency investment will be the JP Morgan Government Bond Index Emerging Markets.
Interested parties should apply by 19 November, stating performance until 30 September gross of fees in US dollars.
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