NETHERLANDS - An unnamed Dutch pension fund, aided by consultancy firm Towers Perrin in the Netherlands, is seeking a manager for a $11m (€8m) global emerging markets (GEM) equity mandate, using IPE-Quest.

The mandate should be benchmarked against MSCI Emerging Market, FTSE Emerging Market or similar benchmarks, with an outperformance of between 2% and 4%, as stated by Towers Perrin in quest QN835.

The quest states a pooled vehicle is preferred.

The necessary conditions in order to be considered for further evaluation are as follows:

Proposed product should have a GIPS-compliant (or equivalent) track record of at least 3-5 years; proposed product is fiscal transparent and eligible for a tax-exempt Dutch pension fund such as a CCF, FCP or FGR; Proven commitment towards product type; Tangible local expertise in invested countries/markets; Proven commitment towards client servicing in the Netherlands, and
Organisational stability.

The stated closing date for applicants is August 6.

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