EUROPE - A UK pension fund is looking for an active high yield bond manager for a $20m (€14.7m) global developed markets mandate using IPE-QUEST.
No benchmark preferences or tracking error guidelines are stated.
Interested managers have to have a UK presence of at least a relationship team although the fund would prefer some investment professionals to be located in the UK.
The minimum track record required is three years with five years being the preference. The minimum of assets under management for the mandate is $1bn and $5bn for the firm. Performance has to be stated to year-end 2006 gross of fees.
Deadline for participation is May 1.
Elsewhere, a Danish mutual funds administrator, advising a pension fund on the selection of external managers, seeks a manager for a global tactical asset allocation mandate.
As the administrator for the fund, the company will also be involved in the daily contact with the asset management firm appointed.
"Our client intends to appoint one company to manage the $100 million mandate," the company said.
There is no restriction on market cap or geographical focus for any investments. It is up to the asset manager to decide if any currency exposure should be hedged.
Performance for the Fund and Benchmark will be measured in DKK.
The closing date for participation is May 11.
Furthermore, six searches currently open on IPE-QUEST will close on Wednesday.
These manager searches were posted by a continental European industry-wide pension fund seeking to hire active managers for several core debt mandates and one real estate mandate:
791 - an active $100m government Japan debt mandate, benchmarked against Merrill Lynch. Tracking error should be between 0.5% and 1.5%.
792 - an active $100m corporate Japan debt mandate, benchmarked against Merrill Lynch. Tracking error should be between 1% and 2%.
793 - an active $100m high yield Japan debt mandate benchmarked against Merrill Lynch. No tracking error guidelines are provided.
794 - an active $100m government global emerging markets debt mandate benchmarked against JP Morgan EMBI Global. No tracking error guidelines are provided.
795 - an active $100m government global emerging markets debt mandate benchmarked against JP Morgan EMBI Global. No tracking error guidelines are provided.
796 - a $100m pan-Europe real estate mandate benchmarked against EPRA. Tracking error should be between 2% and 6%.
Interested managers with a minimum track record of three years and assets under management of at least $5bn (€3.7bn) should provide performance data gross of fees online.
For more information, go to www.ipe-quest.com or contact IPE-QUEST's manager on +44 20 7261 4630 or +44 79 609 48805.
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