EUROPE - A UK manager of managers has tendered $100m in active pan-European equity via IPE-Quest.

The search (QN675) states:
Process: Active
Benchmark: MSCI AW Pan Europe
Min. AUM for mandate: None
Min. AUM for firm: None
TE guidelines (Min Te): 3.0%
TE guidelines (Max Te): 10.0%
Absolute Min Track Record: none
Preferred Min Track Record: 3 years
State Performance To: 30/09/2006
Performance Data should be supplied: Gross of Fees

It is likely that more than one manager will be appointed and the mandate size might vary depending on the size of the managers selected and other factors.

Please note that the closing date is Friday 17 November 2006.