SWITZERLAND – A Swiss foundation has tendered a global emerging markets brief worth up to $100m (€76.1m) through IPE-Quest.
The brief’s value can range between $50m and $100m.
The foundation has no preference regarding investment strategy such as growth or value, but expects the manager to invest in a “structured and clearly defined process”.
It also stressed that the investing universe has to be the entire EM world, not only single countries or regions.
The target is a diversified portfolio where all styles, except fully passive, with a “convincing value proposition” are considered. The foundation is prepared to consider fund of funds as well as direct investment as well as a pooled and/or a segregated account.
The successful firm is required a minimum total assets under management of $5bn, a track record of at least five years and a presence in Switzerland and/or experience with Swiss pension funds or foundations.
The closing date is March 21.