An undisclosed industry-wide pension fund based in Europe has tendered a $250m (€197m) European or US all-cap/large-cap equity mandate using IPE-Quest.
According to search QN1461, the investor is looking for an asset manager that can replicate the MSCI USA Equal Weight index “as closely as possible”.
The investor intends to invest in a segregated mandate, but asset managers that offer only funds may also participate.
Interested parties should have at least $1bn in assets under management, stating performance – gross of fees – to the end of June.
The closing date for applications is 21 October.
In other news, France’s Ircantec has made an undisclosed investment in Unigestion’s Risk Managed European Equities strategy following the pension fund’s decision to increase exposure to low-volatility equities.
Following a comprehensive market review, it said it selected Unigestion for its risk-management expertise and ability to manage equity strategies.
Caroline Le Meaux, who manages administration and financial management at Ircantec, cited in particular Unigestion’s “combination of a structured and systematic portfolio construction process with exhaustive risk analysis.”
If you have any questions regarding the IPE-Quest search, please email firstname.lastname@example.org. Questions will not be accepted after 16 October. For full information, please go to http://www.ipe-quest.com/search.htm.