BELGIUM - Two institutional investors from Belgium are looking for equity managers using IPE-QUEST - one for a $30m (€22.7m) mandate and another for a $20m brief.

In search QN733, the investor has stated "interest in managers that have developed long-only management after successfully running hedge fund strategies in small caps".

Successful candidates are to run an active small cap growth pan-European long-only equity mandate in a managed account. The investor also requires that a bottom-up research driven transparent process is strictly adhered to.

The minimum requirement for assets under management is $3bn. Tracking error is to be between 3% and 8%.

The preferred minimum track record is ten years, absolute minimum three years. Performance should be stated gross of fees to year-end 2006.

Deadline for participation is April 1.

In search QN734 the investor is looking for a manager for a mid cap core pan-European active equity mandate.

No preferences regarding the benchmark are stated. A managed account would be preferred.

The minimum for assets under management for the mandate is $1.5bn and $5bn for the firm. Tracking error has to be between 2% and 6%.

The preferred minimum track record is ten years, absolute minimum three years. Performance should be stated gross of fees to year-end 2006.

Deadline for participation is April 5.