DENMARK - A Danish pension fund has tendered an active global developed markets equities mandate worth up to DKK1bn (€134m) via IPE-Quest.

The large-cap value equity brief, worth between DKK500m-1bn, should be benchmarked against the MSCI World NDR, although this is not crucial.

The fund requires a “good, long track record” preferably of five years and a tracking error of around 10. The ideal candidate is focused, does not offer many products and has “a very structured process”.

The fund does not want to be directly contacted by managers. The closing date is August 31.