GLOBAL – Kempen Capital Management is looking to place a $300m (€233m) global emerging market mandate on behalf of its clients, using IPE-Quest.
Search QN1292 is seeking a fundamental-driven manager with a "strong pedigree in emerging markets. However, Kempen has asked that no quantitatively driven strategies be submitted for consideration.
The large-cap equity mandate will be required to consider emerging markets globally, without a regional bias, benchmarked against the MSCI Emerging Markets Index.
Companies should employ an active management approach and manage substantial assets in similar mandates. Managers with less than a two year track record will not be considered, although a decade's experience would be preferred.
In the search, Kempen added that they are agnostic in regard to style biases of managers versus their benchmark, as long as the expected alpha was attractive compared to the risks posed by the company's implicit bias.
"Furthermore, Kempen believes that managers who are focused in their asset management activities and strongly aligned with their investors have a bigger chance of out performance," it added.
Managers should submit their proposals by 3 May.
In other news, Dutch asset manager PGGM has appointed JP Morgan as one of its global custodians.
The bank, which will become the €130bn manager's third custodian, said it was "delighted" by the appointment. Francis Jackson,head of investor services EMEA added: "The Dutch market is an extremely important and established market for J.P. Morgan and we continue to make significant investments to enable us to continue to service the needs of our clients and retain our position as the market leader."
Marc van den Berg, chief operating officer, investment management at PGGM said he was keen to get the relationship with JP Morgan satred following an nine-month search to fill the vacancy.
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 firstname.lastname@example.org.