EUROPE - An institutional investor with offices in continental Europe has tendered more than 400 million dollars (331 million euros) in four briefs via IPE-Quest.
The mandates cover 100 million dollars each in actively managed Asia-Pacific, US and pan-European equities and global investment grade debt.
The investment base currency is the US dollar and no fund of funds or hedge funds are allowed.
Only investments in developed markets, as defined by MSCI Equity Index and JP Morgan Government Bond Index, are allowed, though limited discretion in emerging markets exposure is allowed.
Limited currency and asset allocation hedging is allowed though cash exposure is limited. The mandates are awarded only in separated account basis.
The closing date for all the searches is June 30.