GLOBAL - A continental European pension fund is looking for managers for a $80m (€50.5m) global developed markets high-yield debt mandate, using IPE Quest.

In search QN934, the fund says the process should be active and benchmarked against Merrill Lynch Global High Yield Constrained Index (HW0C).

Tracking error guidelines are between 1% and 10%, while applicants should have minimum assets under management (AuM) for the mandate of $500m, and total AuM of $2bn.

The fund request a fund manager with an absolute minimum track record of three years, though the preferred time is five years.

This search will close on May 2.

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