An undisclosed corporate pension fund in Germany has tendered a €100m (€80.4m) US investment-grade corporate bond mandate using IPE-Quest.
The mandate calls for the benchmark to be the BofA Merrill Lynch 10+ Year AAA-A US Corporate Index, EUR hedged (Bloomberg Ticker: C910 Index).
Fund managers must have an absolute minimum track record of six years – the preferred minimum track record is six years.
They should also have at least $1bn in assets under management (AUM) for the mandate itself.
Interested parties should state performance, gross of fees, until the end of September.
The closing date for applications is 9 December.
For full information, please go to http://www.ipe-quest.com/search.htm