GERMANY – The treasury department of a German corporate has tendered a total of €300m in two sub-advisory mandates via IPE-Quest.
The first (QN571) is for €150m in actively managed Asia Pacific (incl. Japan) equity while the second (QN572) is for actively managed pan-European small cap equity.
The benchmarks are the MSCI Pacific and MSCI Small Cap Europe respectively. Managers should be prepared to manage the assets against these benchmarks, the client would welcome responses from managers currently managing this asset class against another benchmark. Products should not have any specific style bias to either growth or value.
The client is interested in reviewing products with short as well as long track records and they do not have any minimum requirements regarding assets under management within the asset class. There are no pre-set out-performance or volatility targets.
The investment vehicle will be a German Spezialfond managed within the client's master KAG.
The closing date is February 10.