IPE-QUEST: Danish institutions looking for hedge manager
EUROPE - A small number of Danish institutional investors is looking for a global multi-strategy hedge fund of fund manager for a mandate in excess of €25m using IPE-QUEST (QN 689).
The search, posted by Kirstein Finans, states a preference for investing in a fund rather than a segregated mandate. Preferred benchmark is LIBOR +3%; the standard deviation (p.a.) should not exceed 10% over time.
The deadline for this search is January 24 2007.
In search QN690 a Canadian-based investment management firm is looking to appoint a manager for a $100m (€77m) global equity developed market mandate.
Preferred benchmarks are the MSCI World and the MSCI EAFE. The absolute minimum track record is five years; preferred minimum track record 10 years.
Performance has to be stated to year-end 2006, gross of fees.
The search states that the investment manager must be able to replicate a high percentage of its portfolio strategy in ADRs or GDRs (except in the US equity portion of the Global Equity mandate).
The search ends on January 18 2007.