UK - A UK-based insurance company has tendered up to $100m (€77.7m) in long-short equity market neutral hedge funds via IPE-Quest.

The search (QN649) states: "Any geographic region for investment within global developed equity markets is suitable.

"Our selection process focuses on evaluating the skill with which the investment process is able to exploit any market inefficiencies. Strategies that have a disciplined and risk controlled investment process are favoured.

"While a historic performance record is a plus, we are open to investing in strategies with a limited track record as well."

The closing date is August 31.