GERMANY - A German pension fund has tendered a 50 million-euro actively managed pan-European core small-cap equities mandate through IPE-Quest.

The fund requires experience of dealing with German KAG or Kapitalanlagegesellschaften arrangements.

The benchmark for the mandate will be the MSCI Europe Small Caps. Risk management is ‘very important’ and expected tracking errors should not exceed 10%.

Candidates must have a proven track record of at least three years with the current investment process and investment team.

The fund also said it would prefer a team approach rather than an individual one. The closing date is June 18.