UK - A private bank based in the UK is looking for a manager for a domestic active large cap core mandate using IPE Quest.

The $50m (€35.3m) mandate will be benchmarked against the FTSE All Share with a tracking error between 2.5% and 6%.

Interested managers have to state performance to end-September gross of fees. The minimum requirement in terms of group assets under management for the mandate is $750m and $2.5bn.

"Ideally, the manager will have an adaptive style, with a moderate to low turn-over and concentrated exposure to 40-60 stocks," the investor states in quest QN867.

The search closes on October 16.