German CTA shows appetite for debt
GERMANY - A German corporate pension fund is looking for managers to look after a total of €200m in debt mandates, using IPE-Quest.
The German fund, operating as a contractual trust arrangement (CTA), is looking for managers for a €40m global emerging markets local currency debt, a €60m global emerging markets hard currency debt, and a €100m global high yield debt mandate.
Within these three quests, QN923, QN924, and QN925, the fund says it would prefer managers experienced with the German KAG-setup, though it is not a necessary requirement.
The fund has not given any tracking error guidelines, though said the three mandates will all be phased in over a period of no less than one year.
Closing date for the searches is March 21.