Finnish fund looking for high-yield manager
IPE-QUEST - A public pension fund based in Finland is looking for a high yield debt manager in the latest search to be placed through IPE-Quest.
According to QN1044, the fund is looking for a manager to run a euro-zone high yield debt mandate amounting to $100m.
The fund has been minimal in its approach in not setting down any style, other than it would be an active brief.
As to the benchmark, rather than making stipulations, the investor says it is open to suggestions from managers.
There are no tracking error guidelines or track record requirements, the only requirement being set out is that the minimum assets required for the mandate in the class of $250m.
Performance data gross of additional fees is required. The search closes on August 26.