GLOBAL - An investment company in the Middle East is looking for US equity value managers via IPE Quest.
The mandates each of which is worth $5m (€3.5m) will be benchmarked against the S&P 500.
The investor is looking for "long only managers that are not only small/mid/large cap but rather a combination", search QN868 states.
Managers have to have a total return focus and be more conservative than the market, have lower beta and higher yield, have lower standard deviation, focus on capital preservation and not just relative performance.
The client also requires at least monthly liquidity, although they would prefer it to be daily or weekly.
Interested managers have to have a minimum track record of two years and state performance to end-September 2007 net of fees.
Deadline for participation in the tender is October 30.
Note: This is the same client that placed searches QN846, QN849 and QN851. Due to some changes in their requirements, they are re-posting a search for USA value equity managers. If you would like to reply and have submitted a form for searches QN846, QN849 or QN851, please write to firstname.lastname@example.org to be refunded one credit to your account.