DENMARK - Kirstein Finans has tendered an initial $100m in global high yield bonds on behalf of a Danish asset manager via IPE-Quest.
The search (QN524) targets outperforming the Global Merrill Lynch High Yield, Lehman Global High Yield or any similar indices irrespective of the direction in the market.
Products that invest in the full high-yield rating range are preferred. Global products are preferred but pure US products are acceptable.
Only limited and temporary investments in investment grade and emerging market debt is accepted. Hedge funds and fund of funds are not of interest
The closing date is October 14.