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German CTA to award €350m TAA mandate

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  • German CTA to award €350m TAA mandate

GERMANY - A fiduciary manager in Germany acting on behalf of a German pension fund is looking for managers for a €350m tactical asset allocation (TAA) mandate, using IPE-Quest.

Details of the search, QN952, reveal the pension fund - which is organised as a contractual trust arrangement (CTA) - wants the strategic asset allocation of the mandate to consist of 70% European bonds, 15% global equities, and 15% European equities.

"The tactical asset allocation will be restricted to a bandwidth of a maximum of 40% and a minimum of 10% equities," the fiduciary manager said in the Quest.

The named benchmarks are 70% Lehman Euro Aggregate, 15% MSCI World, and 15% MSCI Europe.

There are no tracking error guidelines, and the search closes on August 6.

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

  • QN-2488

    Asset class: Euro Investment Grade (Enhanced) Passive ESG Credits.
    Asset region: Europe.
    Size: EUR 500 to 600 million.
    Closing date: 2019-01-10.

  • DS-2497

    Closing date: 2019-01-09.

  • QN-2498

    Asset class: Fixed Income Investment Grade.
    Asset region: Global Developed Markets.
    Size: $50m.
    Closing date: 2019-01-07.

  • DS-2499

    Closing date: 2019-01-02.

  • DS-2500

    Closing date: 2019-01-10.

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