GIBRALTAR - A pension fund in Gibraltar is searching for a multi-asset manager using IPE-Quest.

The fund is looking for a manager for a $20m (€14.8m) active global developed markets manager covering equities, bonds, alternative assets and cash.

The fund's preferred investment style is growth and the mandate will be benchmarked against the WM Pension Funds Index. All funds and other appropriate mandates will be agreed at a later date.

Interested managers must have a credit rating of S&P AA or a similar rating and the absolute minimum track record required is five years, although the fund prefers a seven-year track record.

Performance should be stated to end-December 2006 net of fees.

The search (QN855) closes on 31 August.