GERMANY - A German pension fund has tendered a 75 million-dollar (56.3 million-euro) US Large-Cap mandate via IPE-Quest.

The fund is looking for an active manager who can achieve a tracking error of less than 5%. The chosen benchmark is the S&P 500 but there is no style bias

Managers should have at least a two-year track record. The amount of assets under management within the asset class is not a key screening factor.

Managers are required to respond by December 20.