DENMARK - A Danish pension fund is looking to hire a suitable manager for a $100m (€77m) emerging markets mandate, using IPE Quest.
The global emerging markets equity mandate, for which the institution would like the MSCI Emerging Markets index used as a benchmark, could be placed with any manager with more than three years of experience, managing in excess of $500m.
The pension fund is looking for a company to manage the mandate as a core investment, employing an active management approach, leaving the account segregated.
It stresses that carve-outs are unacceptable.
While investments should focus predominantly on emerging markets, exposure to new frontier markets as part of the product would be welcomed.
The management company should value its own research, with a non-quantitative, long-term, top-down active investment philosophy.
The mandate says: "We have a preference for an asset manager that actively utilises macroeconomic factors in the country allocation, as we believe in the possibility to create excess returns when allocating among emerging markets, given the large volatility in returns."
The pension fund said it would ideally prefer an emerging market asset manager with an active approach in the new frontier markets.
It added: "We prefer the portfolio to be run by a team with a lead portfolio manager who is focused on, accountable for and has a long experience with the product and strategy.
"Stability is a key prerequisite, with the same type of process and preferably the same team of portfolio managers for at least three years."
Finally, only signatories to the United Nations Principles for Responsible Investment will be considered, while the company should have similar environmental, social and corporate governance guidelines in place.
All submissions, which must include performance data gross of fees up until the end of September, should be made by 1 November.
The IPE.com news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email firstname.lastname@example.org.