IPE-QUEST: Pension fund seeks emerging market debt
EUROPE - A European industry-wide pension fund is looking for managers for a $200m (€136m) global emerging market debt mandate, using IPE-Quest.
The fund said search QN882 has been posted "for the purpose of screening for a fund investing in either local or external emerging market debt".
According to the fund, managers can submit an answer for either segments or just one of them.
The benchmark for external debt is EMBIG-diversified, and for local debt it will belong to the group of GBI-EM.
"Two funds investing in external and local debt of approximately $100m each will be chosen during the first half of 2008," stated the search.
Closing date for submissions is January 7, 2008.