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European pension fund tenders $200m global emerging markets equity mandate

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  • European pension fund tenders $200m global emerging markets equity mandate

IPE - A European pension fund has tendered a $200m (€152m) global emerging markets equity mandate using IPE Quest.

According to search QN1227, the tender calls for a minimum €3bn in assets under management (AUM) for the mandate itself and €10bn for the asset manager.

The objective of the mandate, which must be managed passively, is to meet the performance of the MSCI Emerging Markets Minimum Volatility index.

The asset manager will be unable to trade stocks that are on the pension scheme's exclusion list, while short selling will be prohibited.

However, the manager will be allowed to use exchange traded futures, as well as ADRs and GDRs.

The manager's internal processes and controls will be validated periodically through an ISAE3402 Type II report (or comparable), and its employees will be "bound by a code of ethics" that it must share with the pension fund.

Applicants should have a minimum three-year track record.

Interested parties should submit performance net of fees to the end of 2011.

The closing date for applications is 22 February.

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.

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