NETHERLANDS – A pension fund in the Netherlands has tendered an actively managed emerging markets equity brief worth 100 million euros via IPE-Quest.
The objective is to attain a rate of total return that exceeds the benchmark by 200 basis points annually. Tracking error of the portfolio is expected to vary between five and 10 percent.
The investment universe is all emerging markets belonging to the relevant MSCI or IFCI benchmark.
Short selling, leverage and derivatives are not to be employed. Securities lending is only permitted if explicitly approved by the client.
The portfolio’s performance is to be reported on a monthly, quarterly and annual basis, producing the relevant information within eight business days after the close of a reporting period.
Preliminary data regarding assets under management and performance is required two business days after close of a month, quarter or calendar year.
The closing date is August 27.