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.