IPE Quest - A Swiss pension fund is looking to hire a suitable manager for two corporate bond mandates totalling €1.1bn, using IPE Quest.
In the first mandate, QN1119, the Swiss pension fund is searching for two groups to manage a CHF750m (€543m) US corporate bond investment mandate.
The initial mandate size will vary depending on current market conditions.
Managers are asked to invest in bonds with ratings ranging between AAA and BBB and employ the Barclays US aggregate corporate investment grade as a benchmark.
They should also have at least three years' experience investing in the region, with five years preferred, while currently managing $4bn (€3bn) in bond assets.
Overall, the company should be managing at least $6bn worth of investments.
Submissions should be made for the mandate stating performance up until 30 June this year, gross of fees charged.
Quest search QN1120, which is for the same Swiss pension fund, sets out the same requirements.
The fund is looking for managers to run a CHF750m European corporate bond investment, again rated between AAA and BBB.
This investment should use the Barclays European aggregate corporate investment grade as a benchmark, while tracking error on the mandates should never exceed 1%, it said.
Additionally, the mandates should be highly transparent and flexible, allowing exposure to be adjusted, with a long investment style.
Submissions for both mandates should be made by 19 August.
The IPE.com news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email email@example.com.