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Impact Investing

IPE special report May 2018

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German corporate investigates covered paper

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  • German corporate investigates covered paper

IPE QUEST - A German corporate pension fund is looking to invest $50m (€35m) in euro-denominated covered bonds, and is conducting the search through IPE-Quest.

Details of QN1043 state the fund is looking to hire an active manager to look after assets benchmarked to the iBoxx € Covered TR, with a tracking error of 50-150 basis points.

No duration managing will be allowed, according to the tender notice, as outperformance must be by credit analysis only.

And interested firms must have minimum assets of $500m for this particular mandate and total assets of at least £1bn.

Performance must be delivered no later than 31 August, with a minimum track record of five years and stated net of fees to 30 June, 2009.
 

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IPE QUEST

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IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • RE-2441

    Closing date: 2018-05-31.

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