IPE-QUEST: Fund seeks debt manager
EUROPE - A continental European pension fund today has tendered for a €300m corporate Eurozone debt mandate, using IPE-Quest.
In the search, QN871, the fund states it "is aiming to set up a reserve list for a fixed income European credit mandate".
Though the fund is not directly looking for a new manager, it is working in the development of a potential list for the future, the search stated.
The set benchmark is the Lehman Euro Investment Grade Credit Index. Tracking error guidelines lie between 1-2%.
The asset manager should have an absolute minimum track record of 3 years and have a minimum of €2.5bn in assets under management.
The closing date for the search is November 12.