IPE-QUEST – A pension fund based in Continental Europe is looking for an asset manager to oversee a low-volatility equity global mandate worth $30m (€23m), using IPE-Quest.

According to search QN1296, the MSCI World index is to be used as a benchmark, and managers should focus on growth and value opportunities.

The fund expects applicants to have at least $500m in assets under management (AUM) for the mandate and at least $1bn in AUM for the company itself.

The mandate calls for a minimum five-year track record.

Interested parties should state performance, net of fees, to the end of April.

The closing date for applications is 10 May.

In a separate search (QN1297), another Continental European pension fund is looking for a manager to oversee a $200m global emerging markets government debt mandate.

The industry-wide pension fund is looking for an experienced EMD hard currency manager with an excellent track record in performance and risk management.

It added: "We will invest only in a mandate, not in a fund. Off-benchmark investments are allowed up to a point, but subject to a proven track record in excellent risk management."

Applicants must have at least $1.5bn in AUM for the mandate and $4bn in AUM for the company itself.

The manager should have an active investment style and may use a tracking error budget of 5% per annum.  

The investor is calling for a minimum three-year track record.

Interested parties should state performance, net of fees, to the end of April.

The closing date for applications is 2 May.

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.