IPE-QUEST - A German pension fund is seeking a manager to invest $125m (€100m) in high-yield euro-denominated debt on its behalf, and is conducting the search via IPE-Quest.
Details of QN1077 state the pension fund is looking to invest in core active high-yield debt, benchmarked to the Merrill Lynch Euro High-Yield Composite index and will carry a tracking error of between 2% and 6%,
Performance data must be stated net of fees to 31 December 2009, with a minimum track record of two years, albeit three years is preferred, and the minimum assets under management held by a manager for the mandate type is $500m.
Submissions must be presented by 18 March 2010.
The news team is unable to answer any further questions about IPE-Quest tender notices, to protect the clients conducting the search. To obtain information direct from IPE-Quest, please contact Jayna Vishram on + 44 (0)20 7261 4630 or email jayna.vishram@ipe-quest.com
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