DENMARK - An unnamed Danish pension fund is seeking a manager for a $70m (€51m) global emerging markets (GEM) local currency debt mandate, using IPE-Quest.
"The mandate is for global emerging market local currency debt with duration two to six years. The size of the mandate will be a minimum of €50m," the fund stated in quest QN840.
The active mandate should be benchmarked against JP Morgan GBI EM (local currency) or another similar benchmark.
Managers should have minimum assets under management of €1bn in emerging market debt (including both local currency and hard currency), and total assets under management of $10bn.
The stated tracking error (TE) guidelines state the tracking error may be 1%-6%.
The search will close on August 17.