EUROPE - An investment company based in continental Europe is seeking an equity large cap value manager for a $50m mandate, using IPE Quest.

Via the search QN884, the investor has said the mandate is for an active, pan-European equity large cap value portfolio.

Named benchmark in the search is MSCI Europe total return, while the preferred size of the new asset manager would be $150m in assets under management both for the firm and the mandate.

Tracking error guidelines lie between a minimum of 5% and a maximum tracking error of 10%.

Closing date of the search is February 4.