UK – A UK investment consultant has tendered a currency overlay brief worth 100 million pounds (145 million euros) via IPE-Quest.
“The client wishes to passively hedge a 100 million-pound portfolio which is invested in the US, Europe and Japan.
“The currency overlay will be implemented quarterly based on the fluctuating allocation between these three jurisdictions. Each of the three portfolios is benchmarked against a commonly used local benchmark.”
Managers are requested to provide a single page of A4 setting out their core proposition. The consultant will then follow up directly with those managers whose propositions are of interest.
The closing date is December 9.
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