DENMARK – A Danish pension fund has tendered $100m+ in US and Canadian all-cap equities via IPE-Quest.

Preferably, the mandate (QN632) includes the US as well as Canada with MSCI North America as the benchmark. However, managers specialising in US equities or using other benchmarks such as Wilshire 5000, S&P 500 or Russell are also invited to apply for the mandate.

This is a core mandate but it may have a bias towards value or growth.

Tracking error may be 3%-7% ex ante or even no tracking error limitation. The mandate must be managed on a segregated account.

Short selling of shares is not allowed. Investment in options, futures, warrants, underwriting or other derivatives is not allowed without written consent obtained from the customer. Stock lending is not allowed. Currency hedging is not permitted.

The mandate will be subject to the pension fund's ethical restrictions for investments. The manager is not allowed to invest in companies blacklisted by the pension fund.

The closing date is June 7.

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