A France-based pension fund is searching for an external asset manager to run a $50m (€37m) global emerging market equity portfolio, according to IPE-Quest.
The unnamed pension fund has put out an inquiry through the manager search service, and says the proposed mandate will be for all/large-cap equities within global emerging markets.
The investments are to be managed passively, following the MSCI Emerging Markets NR index expressed in euros, according to the search.
The successful manager should have assets under management for this type of mandate of at least $500m, and more than $5bn in total assets under management as a firm.
The deadline for responses is 30 June.