NETHERLANDS - A Dutch pension has put out a request for information for a 37 million-euro credit bonds mandate through IPE-Quest.
The preferred benchmarks is Lehman Brothers Euro Credit Bond Index (investment grade) or similar. Although the benchmark is investment grade, allocations are allowed to high yield credits and Emerging Markets Debt.
The pension fund is being assisted by Towers Perrin.
The fund requires a target ex-ante tracking error of 2% and an information ratio of 0.5 on a three-year rolling basis.
Candidates should comply with GIPS standards or have similar standards, with track record of at least 3-5 years. Their actual information ratio should exceed 0.3 over last 3-5 years
They are also required proven commitment towards product type client servicing in the Netherlands and organisational stability.
Performance track record must be representative.
Deadline for applications has been set for December 22.
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