GERMANY - A fiduciary manager has revealed a German pension fund client is looking for managers for a $70m (€45m) Eurozone debt mandate, using IPE Quest.

The fund has decided to re-run a previous search listed as QN862, "in order to increase their long list and especially to obtain up to date performance data," said the manager.

According to the current Quest, QN949, the mandate will be a sub-fund of a German master-KAG, a German entity which allows consolidated management and reporting of investment management accounts with different providers.

The pension fund, laid out in a contractual trust arrangement (CTA) pension vehicle, is looking for active managers.

Tracking error guidelines have been put between a minimum of 0.5% and a maximum of 2%.

In order to be considered for further evaluation, the manager should be a European investment company.

The closing date is set on July 16.

If managers replied to search QN862 and wish to submit an application form for the current search with their up to date data, this will be free of charge.