SWITZERLAND – A Swiss pension fund has tendered up to $70m (€58.4m) in Japanese equities via IPE-Quest.

The tender (QN532) is for Japanese all-cap equities and could reach $70m.

“The client would like an active Japanese manager to run a portfolio with the flexibility to invest in large, mid and small cap at the appropriate times depending on valuation and growth opportunities.

The portfolio will have a high tracking error and a demanding excess return target of at least 300bp annually over a three-year year cycle.

A five-year track record is needed. The closing date is November 15.