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German pension fund reviews equities

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  • German pension fund reviews equities

GERMANY - A German corporate pension fund is looking to hire asset managers to look after two US and Japanese equity mandates, using IPE Quest.

Details of QN959 reveals a US all/large-cap equity asset house is sought to look after a US$250m (€168m) cire active portfolio, benchmarked to the S&P 500 index.

The successful firm will be required to deliver alpha within minimum tracking error guidelines of 4-8%.

An asset manager is also required to manage a $100m core active Japanese equity mandate, according to QN960, which is benchmarked to the MSCI Japan index and has a tracking error of 3-7%.

In both cases, the absolute minimum track record is three years, though the fund would prefer to see five years, and all performance should be stated to 30 June 2008, net of fees.

Closing date for applications to both mandates is 22 September.

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  • QN-2474

    Asset class: All/Large Cap Equities.
    Asset region: Global Developed Markets.
    Size: $150m.
    Closing date: 2018-09-25.

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