EUROPE - A continental European investment company is looking for a manager to manage a global developed markets corporate debt mandate worth $50m (€38.6m), using IPE Quest.

In the search, QN981, the investor says the mandate should be benchmarked against Lehman/Barclays Global Aggregate Corporates, while being hedged to the euro.

The minimum assets under management (AuM) of the asset manager for the mandate should be no less than $500m.

The asset manager should have an absolute minimum track record of one year, though the investor prefers a track record of three years.

The tracking error guidelines stated by the investors lie between a minimum of 2% and a maximum of 10%.

The asset manager is required to also state if commingled vehicles are available and the minimun size of investment for commingled vehicles and segregated accounts.

The closing date of the Quest is December 1.

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