EUROPE - A northern European pension fund is looking for a manager to invest $250m (€192.5m) in global equities using IPE-QUEST (QN694).
The global equities growth or growth biased global developed market mandate is to be managed actively. The preferred benchmark is the MSCI World (Growth) index.
Managers have to have a minimum track record of five years. They have to state performance to year-end 2006 gross of fees. There are no restrictions concerning tracking error or information ratio targets.
The search closes on February 12.
In search QN700 a European investment foundation is looking to appoint a manager for an active European equity (ex Switzerland) mandate in excess of €130m. But the search also states that "knowledge and experience of Swiss pension funds is an advantage".
The foundation demands a clear active style investment with a blend strategy. Preferred benchmark is the MSCI Europe ex Switzerland. Managers have to have a minimum track record of three years and achieve a maximum tracking error of 5%. Performance has to be stated to year-end 2006 gross of fees.
The search closes on February 19.