IPE-QUEST: €50m commodities mandate
DENMARK - Danske Capital is searching for an active long-only commodity fund, via IPE-Quest.
The mandate is to be benchmarked against one of the broad indices including S&P GSCI, Rogers International Commodity Index or Dow Jones AIG Commodity index, the investment company notes in quest QN870.
The expected inflow into the fund for the first 12 months is €50m.
Danske said it expects the chosen fund to be well-diversified and managed with low risk, and fund price volatility is to be between 12% and 15% per year.
Interested managers should state performance to end-September 2007 and the search closes November 12 2007.