GLOBAL - An Australian multi-manager is looking for an active global developed markets manager using IPE-Quest.

The AUD40m (€25m) small cap mandate will be benchmarked against the Citigroup BM with a tracking error of between 2% and 8%.

Interested managers have to have a minimum track record of three years, with the preferred minimum being five years.

The minimum of assets under management for the mandate is $250m (€177m).

Performance has to be stated to end-June 2007 gross of fees in USD, the investor states in quest QN865.

The search closes on October 15.