DENMARK - A Danish industry-wide pension fund has tendered €50m in pan-European active high-yield debt via IPE-Quest.
The search (QN680) says the benchmark is the Merrill Lynch European Currency High Yield, or similar.
There's no minimum assets under management for the mandate for the firm or tracking error guidelines. Performance data up to September 30 should be supplied.
The key requirements are:
- Must be segregated account
- No derivatives allowed
- No short selling
- Only listed or OTC traded papers or papers issued under §144A.
This search closes on January 10 2007.