SWITZERLAND - A Swiss pension fund is looking for an active convertible bonds manager through IPE-Quest (QN818).

The global developed markets mandate will be for around $20m (€14.7m), preferably benchmarked against the Merrill Lynch Global Convertible index. The tracking error should be between 2.5% and 10%.

Interested managers should state performance net of fees to end-March 2007. The minimum of assets under management for the mandate as well as for the firm is $1bn. Absolute minimum track record is five years while a 10-year track record or more is preferred.

This search closes on July 18.

In search QN824 a Scandinavian asset manager is seeking to appoint a manager for an active US corporate bond mandate worth up to $200m.

The $200m-plus discretionary mandate is for actively managed US distressed debt. The client is looking to invest in US assets only. Regarding the benchmark, it is interested in seeing what managers would propose.

Interested managers should have a minimum track record of one year but the preferred track record is three years or over. Performance should be stated gross of fees to end-June 2007.

The closing date is July 27.

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