An undisclosed European insurance company has tendered a €200m emerging market hard currency mandate using IPE-Quest.
According to search QN-2065, the investment process should combine top-down country/sector selection with bottom-up duration/issue selection.
The client is also looking for “large and experienced” teams that have not experienced major personnel changes in recent years.
Fund managers should have at least €2bn in assets under management (AUM) as a company and €1bn in AUM for the asset class itself.
They must also have a minimum track record of five years.
Tracking error for the core, active mandate should range between 1% and 5%, employing the JP Morgan EMBI Global Diversified index as a benchmark.
Interested parties should state performance – gross of fees and in US dollars – to the end of May.
The closing date for applications is 24 June, 5pm GMT.
The IPE news team is unable to answer any further questions about IPE-Quest 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 7261 4630 or email email@example.com.