GLOBAL – An investment company in the Middle East has tendered $50m (€41.8m) in actively managed Middle East and North African equities via IPE-Quest.
The search (QN591) is for Middle East and North Africa (MENA) equity focusing on Jordan, Morocco and Egypt. The investor accepts that managers may include other MENA countries in their portfolios. The preferred benchmark is the MSCI Jordan Morocco and Egypt Index.
There are no pre-set performance or volatility targets. Managers should be prepared to manage the mandate via a segregated account and should have at least $200m under management within this asset class.
The closing date is Thursday 9 March 2006.