An insurance company based in the Netherlands and a Swiss institutional investor have tendered a mandate each via IPE Quest.
According to search QN-2576, the Dutch investor has tendered a US small-cap equity mandate.
It is planning to invest more than $100m (€89m), using a core bottom up fundamental investment strategy.
It will use the Russell 2000 or S&P 600 as a benchmark, with a minimum 2% tracking error but no more than 5%.
Managers should have more than $1bn in assets under management for the asset class, and more than $3bn in total assets.
Applicants should state performance data to 31 October 2019, gross of fees.
Their track record should be at least five years, but a track record since inception is preferred.
The deadline for applications for the US small-cap mandate is 9 December.
As for the Swiss investor, through search QN- 2577, it is looking to hire one manager to run two separate investment strategies: a fund of hedge funds mandate and an alternative risk premia brief.
The asset owner will invest $200m in each strategy, which will have global convergent (RV) and divergent (CTA/Macro) investment styles.
The hedge funds mandate will follow the HFRX Global Hedge Fund Index (excl. Equity L/S and Event Driven), while the alternative risk premia protfolio will follow the Société Générale Multi Alternative Risk Premia Index.
Applicants should have more than $1bn in assets under management for the asset class, and should state performance data to 30 September 2019, gross of fees.
Their track record should be at least five years.
The investor has also set up volatility targets over three years with a tracking error of less than 8% for the the hedge fund strategy and less than 6% for the alternative risk premia mandate.
The deadline for applications for both mandates with the Swiss investor is 3 December.
The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation 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 3465 9330 or email jayna.vishram@ipe-quest.com.
Italian journalists seek infrastructure manager
The Istituto Nazionale di Previdenza dei Giornalisti Italiani (INPGI) – Italy’s first-pillar pension funds for journalists – is looking for closed-end alternative investment funds to invest in infrastructure debt or and/equity.
Prospective managers will have until 5 December to apply and will need to fill out an Institutional Limited Partners Association (ILPA) standard due diligence questionnaire and send it directly to the fund (amm_finanza@inpgi.it).
In addition, managers’ presentations and regulation details should also be emailed to the fund directly by the deadline date. The subject of the e-mail must contain, in addition to the identification name of the bidding company, also the wording “Selection FIA Infrastructures 2019”.
More information about the tender can be found here.
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