NETHERLANDS - A consultant in the Netherlands has tendered a balanced mandate worth around €50m on behalf of a Dutch pension fund client via IPE-Quest.
Summary of the search, QN667:
* Mandate description: Balanced mandate.
- Passive Euro Fixed Income, including LDI solution
- Passive Global Equity
- No TAA
* Asset Mix: 80% Fixed income and 20% Equities
* Product type: Fixed Income and equities (both Passive) and LDI solution
* Size of mandate: Approximately EUR 50 million
* Preferred benchmarks:
- Euro Fixed Income: Lehman Brother Euro-Aggregate Fixed Income or similar
- Global Equity: MSCI World, FTSE World or similar
* Vehicle: Pooled.
The closing date is October 25.