A European pension fund has tendered a $20m (€17.7m) global convertible bond mandate using IPE-Quest.
The unnamed pension fund, based in Germany, Austria or Switzerland, is searching for an asset manager to offer a UCITS long/short global convertible fund, to be managed actively.
The pension fund does not stipulate a minimum level of assets under management, nor is there a particular benchmark given in the search details.
However, fund managers should state performance to the end of March, net of fees.
The final closing date for responses is 14 July, but further deadlines have yet to be confirmed.
The IPE 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 7261 4630 or email firstname.lastname@example.org.