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Industry-wide fund issues climate change mandate

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IPE-QUEST - A Dutch pension fund is planning to venture into Asian-Pacific real estate investments  while a second industry-wide pension fund is hoping to invest up to $150m (€m) in a global climate change equity mandate, and both are using IPE-Quest.

Details of QN1056 state a European industry-wide pension fund is looking to invest between $50m and $150m in an equity all-cap climate change global developed markets mandate, which has no specific benchmark but could adopt an MSCI benchmark following discussion.

Scheme officials are expecting to fund the active core mandate in the first quarter of next year, providing it can find a suitable investment firm.

Few requirements are sought at this stage in terms of data provided but managers must provide a minimum of five years' track record and performance must be stated gross of fees to 30 October, 2009. Closing date for submissions is also 30 October.

Meanwhile, details of QN1058 state a Dutch pension fund is looking to invest $60m  in an Asia-Pacific real estate separate account.

Officials stipulate there is no preference at this stage between active, enhanced or passive management, but it is thought the account will be benchmarked to the FTSE EPRA or NAREIT indices with a maximum tracking error of 5%.

Minimum assets under management to be held by the manager if applying for the mandate must be $250m or $1bn for the firm, while the absolute track record must be a minimum of one year although three years is preferred.

Data must be supplied gross of fees to 30 October 2009, and the closing date for submissions is 26 October, 2009.

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)209 7261 4630 or email jayna.vishram@ipe-quest.com

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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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