EUROPE – A European insurance company has tendered $150m (€211.5m) in global emerging markets equities via IPE-Quest.

The tender (QN535) calls for the brief to be benchmarked against the MSCI Emerging Markets Free Index.

The client is interested in receiving replies for both active and passive products and does not have a preferred tracking error target.

The successful manager should have a minimum track record of five years in the asset class.

The closing date is November 4.