NETHERLANDS - A Dutch pension fund is tendering a €8m hedge fund mandate using IPE-QUEST (QN715).
The mandate will be for a fund of fund manager with diversification over a variety of hedge fund strategies including relative value, event driven, long-short equity and global macro.
The preferred benchmark is Libor +3-5% and the investment should be fully hedged to euros. The fund states that it will consider both pooled and segregated accounts.
The proposed product should have a GIPS compliant (or equivalent) track record of at least three to five years, be fiscally transparent and eligible for a tax exempt Dutch pension fund, such as. CCF, FCP or FGR.
The search states that further details about the pension fund will be disclosed at a later state.
Deadline for participation is March 1 2007.