EUROPE - Two European pension funds have said they are looking for equity large cap core Canada managers and commodities, using IPE Quest.
The first search, QN910, states a continental European corporate pension fund seek a manager to manage a $150m (€101.5m) active equity large cap core Canada mandate, benchmarked against the MSCI Canada Total Gross Return Index.
In search QN911, a Dutch industry wide pension fund wants managers for a passive $80m commodities global developed markets
Mandate, using S&P GSCI as a benchmark.
"We are looking for a manager that manages an index portfolio (passive) with S&P GSCI as benchmark. The aim is to stay as close as possible to the benchmark at a low cost base," said the fund.
QN910 closes on February 11, and tracking error guidelines are between 2-8%.
The Dutch pension fund has set the closing date on February 22.
If you have any comments you would like to add to this or any other story, contact Carolyn Bandel on + 44 (0)20 7261 4622 or email carolyn.bandel@ipe.com
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