UK – A UK institutional investor has tendered 50-100 million dollars (71-143 million euros) in actively managed Japanese mid- or mid-and small-cap equities via IPE-Quest.
“The manager should be aware of the benchmark but not driven by it. There is no style bias and the client will review core, value and growth products.”
The client's benchmark has not yet been decided. Track records should be more than three years and managers should have at least 500 million dollars under management within this asset class.
The closing date is December 1.