EUROPE - A European multi-manager is using IPE-Quest to appoint a manager for a $125m (€91.7m) all cap and large cap US and Canada equity mandate.

Any benchmark can be used for the actively managed mandate but the minimum tracking error is 5%, the investor notes in search QN826.

This investor wants only focus fund managers to reply. Focus is defined as a strategy that invests in less than 50 stocks. However, managers of all investment styles are welcome to participate in the tender.

Interested managers have to state their performance to end-March 2007 gross of fees and have an absolute minimum track record of one year, the preferred minimum being three years.

This search closes on July 31.