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IPE-QUEST: UK insurer tenders enhanced cash

UK – A UK insurance company has tendered more than £100m (€145m) in enhanced cash via IPE-Quest.

The search (QN637) says the mandate, substantially in excess of £100m, is for enhanced cash management.

“The investor will invest in sterling, dollar and/or euro strategies which can exceed their performance target of LIBOR, Fed Funds (or equivalent) +30bps.

“The size of the mandate means that several managers will be appointed to manage different mandates each in excess of £100m.

The closing date is June 29.

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