UK - A UK insurance company has tendered up to $100m (€77.7m) in convertible bonds via IPE-Quest.

The search (QN648) says the investor prefers not to constrain managers to specific benchmarks and countries.

"They are looking for long only convertible bond managers that can demonstrate an ability to provide alpha over a long investment horizon.

"They request that managers present their best strategy in the convertibles space only. All long only strategies will be judged on their individual merits, and their contribution to the investor's larger portfolio.

The closing date for replies via IPE-Quest is August 25.