IPE-Quest: €50m small cap US equity tender
EUROPE - A continental European pension fund has said it is looking for a manager for a €50m USA and Canada core equity small cap brief, using IPE Quest.
In the search, QN951, the unnamed fund says it would like to receive benchmark suggestions for the brief from managers.
There are no minimum tracking error guidelines, though the maximum tracking error guideline has been set at 5%.
The fund requests only managers with minimum assets under management of $500m in the relevant investment category to reply to the search.
The closing date of this search is July 23.