GERMANY – A German corporate pension fund has put out to tender two high yield mandates in excess of 100 million dollars via IPE-Quest.

Each mandate will be for a minimum investment of 50 million dollars. The scheme is looking for an active manager for a global high yield debt mandate, including emerging market debt. The second mandate is for an active manager in US high yield debt.

Neither mandate has a preferred benchmark or a preferred length of track record.

The closing date for application for the two mandates is February 21 2003.

Further details of the two mandates, and a further six mandates currently out to tender on IPE-Quest, can be obtained at: www.ipe-quest.com.

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