EUROPE - A continental European pension fund is looking for a discretionary fundamental equity market neutral strategy, using IPE-Quest.

The scheme has not named any specific region for this active discretionary fundamental equity market neutral mandate, worth $50m (€32m).

Managers with a quantitative strategy should not reply to this search, the fund said in the search.

In the search, QN946, the fund says the $50m should be invested against a cash benchmark.

The tracking error guidelines lie between 2% and 8%.

The minimum assets under management (AuM) stated for the mandate are $250m, but there are no minimum AuM requirements for the firm itself.

Closing date for this quest is July 8.

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