IPE-Quest: Dutch fund seeks fiduciary manager
NETHERLANDS - A Dutch corporate pension fund is searching for a fiduciary investment manager, using IPE-Quest.
Details of Quest876 reveal the mandate, submitted through an investment consultant, is to manage a $950m (€650m) fiduciary mandate.
More specifically, the consultant said the primary responsibilities of the FIM are "to construct and manage an investment portfolio on a best practice basis, consistent with the risk and return characteristics of the strategic investment policy, based on an asset liability management (ALM) study".
The successful manager will be required to "select, appoint and monitor external third-party investment managers" for varying asset classes but may be allowed to manage assets in-house, providing they meet "objective and robust criteria" on performance, cost, quality and stability of the organisation and investment process.
At the same time, they will also be required to:
develop the entire investment policy; Produce comprehensive risk budgeting; Handle transition management; Report to the investment consultant and regulatory authorities; Investment administration; Performance and risk management, and Treasury function.The mandate will have an asset mix of 60% fixed income and 40% "risky assets", according to the quest search, consisting largely of equities, while the total assets accumulated to the end of the third quarter are €650m.
Candidates wishing to submit an application must be able to show they are best in class investment and risk management, have the ability to offer added value services, along with proven commitment towards both client servicing in the Netherlands and fiduciary management, and IGPS-compliant performance track records.
Interested parties must present their entry via IPE-Quest by December 3 2007.