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.