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Mandate roundup: IPE-Quest, Kent, Interface, KPMG

A UK multi-manager is seeking to invest $50m (€36.8m) in global large-cap equity, using IPE-Quest.

According to search QN1343, the actively managed portfolio should invest in growth and value equity.

Managers should have at least a year of experience, but preferably three, while employing a bottom-up, fundamental approach.

The non-benchmark-orientated manager should measure performance against the MSCI World TR GDDUWI index.

Interested parties should apply by 4 November, stating net-of-fees performance to the end of September.

In other news, a European institutional investor is looking to invest in infrastructure equity, again using IPE-Quest to appoint the manager.

According to search QN1345, the listed equity infrastructure portfolio would seek exposure to projects globally, although the European investor has yet to decide how much it would like to invest.

It has further asked interested parties to propose a benchmark and said any asset manager should have at least $100m in infrastructure equity under management.

Firms should manage $1bn in total assets and have a three-year track record.

Applications, stating gross-of-fees performance to the end of September, should be submitted by 25 October.

The Kent County Council Superannuation Fund has appointed four managers to a global equity framework worth up to £200m (€235m).

The mandate, first tendered in February, said it would consider both segregated and pooled mandates outperforming the MSCI All Countries World index by 2.5-4% on a rolling 3-5 year basis.

M&G Investments, Longview Partners, Sarasin & Partners and Australia’s Magellan Asset Management were appointed to the framework, attracting interest from three further managers.

Lastly, the £100m (€118m) Interface Europe Pension Scheme has appointed KPMG to provide it with full trustee services.

The consultancy will provide actuarial and investment consulting services, as well as administration and payroll.

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 3465 9330 or email

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Your first step in manager selection...

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

  • QN-2543

    Asset class: Search of an Asset manager / Advisor managing / Advising a risk-based equity derivatives overlay program.
    Asset region: Global Developed Markets Equities, Global Emerging Markets Equities, Swiss Equities.
    Size: CHF 700-2100 million.
    Closing date: 2019-06-17.

  • QN-2544

    Asset class: Transitional Real Estate Debt.
    Asset region: North America (USA/Canada).
    Size: $50-100mn.
    Closing date: 2019-06-17.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

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