An institutional investor based in Asia has tendered a $50m-100m (€37m-73m) Korean equities mandate, using IPE-Quest.

According to search QN1375, the investor is looking specifically for active managers focusing on bottom-up, quality companies.

Managers should employ the KOSPI index as benchmark, with a tracking error of no more than 6%.

They should also have at least $1bn in assets under management and a minimum track record of three years.

Applicants should state performance, gross of fees, to the end of September 2013.

The closing date for applications is 22 January.

The news team is unable to answer any further questions about IPE-Quest tender notices to protect the interests of clients   conducting the search. To obtain information directly from IPE-Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email