SWITZERLAND – A Swiss pension fund has tendered 70 million euros in actively managed pan-European equities ex-Switzerland via IPE-Quest.

The search is being conducted by consulting firm Kottmann Advisory.

The mandate benchmark is MSCI Europe ex-Switzerland, with the investment universe all listed securities.

The return target is 150 basis points above the index (net of fees) with an expected tracking error of 600-800 basis points.

Managers must specify in detail whether their approach has any bias towards growth or value or style-neutral.

Managers must show special experience in this area with at least three years’ track record and a significant specialisation in this investment category.

The closing date is October 6.