IPE-QUEST: German fund tenders high-yield
GERMANY – A German pension fund has tendered around 75 million dollars in actively managed euro zone high yield debt via IPE-Quest.
The likely benchmark is the Merrill Lynch HECO.
The brief says: “While the initial selection criteria will centre around performance, the client is looking for a firm which can demonstrate continuity in the HYD management team (across all HYD classes) and long term commitment to HYD as an asset class.
The client wants up to three years of performance data.
The closing date is June 2.