NORDIC – A Nordic bank has tendered an initial $80m sub- advisory mandate via IPE-Quest.

The search (QN564) covers global all-cap equities. The client is looking for a sub advisor to a strategy focusing on high dividend yields.

The manager will most likely be sub advisor to funds complying with UCITS-regulations.

The advisor should have a GIPS compliant (or equivalent) track record of not less than three years. Track record in terms of information ratio and tracking error on a three-year (if possible also five-year) basis and AUM of funds used for building the track record.

Organisational stability is also required.

There is also a tender (QN561) for a sub-advisor on US equities focusing on stocks with high dividend yield.

The closing date for both is January 6.