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.
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