A German pension scheme has issued three tenders, each worth €100m, through IPE Quest.
According to search QN-2594, the institution is seeking to hire a fund manager to run an all-cap global emerging markets equity mandate. The benchmark and investment universe to be followed is the MSCI Emerging Markets.
There is also an all-cap pan-European mandate (search QN-2595) that will follow the Stoxx Europe 600 as investment universe and benchmark.
Another tender (search QN-2596) for all-cap US equity will use the Russell 3000 as investment universe and the S&P500 as benchmark.
The pension fund is seeking to adopt a defensive equity approach, so all three mandates are to be managed through active low beta and high quality strategies, the notices said.
Applicants should have a minimum track record of three years, and, when applying, they should state performance net of fees to 31 January. These requirements relate to all three mandates.
The deadline for all three tenders is 2 March 5pm UK time. All three strategies are expected to be funded around summer 2020.
The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email jayna.vishram@ipe-quest.com.
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