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Impact Investing

IPE special report May 2018

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Mandate roundup: IPE-Quest, Avon Pension Fund

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  • Mandate roundup: IPE-Quest, Avon Pension Fund

GLOBAL – An undisclosed Asian investor has tendered a $200m (€150m) Singapore government debt mandate using IPE-Quest.

According to search QN1322, while the mandate's benchmark will be the JP Morgan Singapore Government Bond index, tracking-error guidelines are to be confirmed at a later date.

Asset managers should have a minimum five-year track record, although seven would be preferable.

They should also have at least $500m in assets under management (AUM) for the mandate itself and $1bn for the company.

Interested parties should state performance, net of fees, to the end of June.

The closing date for applications is 29 August.

In other news, the Avon Pension Fund has tendered a £150m (€172m) emerging market equities mandate, on a pooled or segregated basis.

The benchmark will be the MSCI Emerging Markets index, with a rolling, three-year outperformance objective of plus 2-4% per annum, net of fees.

The contract will be formally reviewed every five years.

The pension fund is working towards achieving the UN Principles for Responsible Investment standard and will take this into consideration when evaluating the tender.

Any pooled fund must be valued at more than £600m so the mandate is no more than 20% of the total pooled fund.

Further, any pooled fund should have a track record, with detailed attribution of drivers of returns, available for at least three years.

The IPE.com 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 3465 9330 or email jayna.vishram@ipe-quest.com.

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IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2435

    Asset class: CLOs.
    Asset region: Global.
    Size: USD 50m.
    Closing date: 2018-05-22.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

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