EUROPE – Swiss investment consultant Kottmann Advisory has tendered a €30m actively managed pan-European equities brief via IPE-Quest on behalf of a client.
The target is to annually outperform the MSCI Europe ex-Switzerland index through active stock picking of large, medium and small cap stocks.
The vehicle is either a segregated or commingled fund. The universe may include: S&P/Citigroup Broad Market Index Europe.
The return target is 100 bps above index (net of fees) annually. There is a 20% limit on cash, with neither derivatives nor securities lending allowed.
The manager must have a track record of at least four years. The closing date is September 22.