EUROPE – A corporate pension fund based in Continental Europe has tendered a £50m (€58m) passive UK Gilt mandate using IPE-Quest.
According to search QN1318, asset managers are to employ the FTSE A Over 15 Years as benchmark.
Applicants must have at least $1bn (€753m) in assets under management (AUM) for the mandate itself and $3bn in AUM for the company.
The investor requires a minimum track record of three years, but prefers five.
Interested parties should provide gross-of-fees performance to the end of June.
The closing date for applications is 6 August.
In search QN1319, which would appear to have been tendered by the same unidentified Continental pension fund, the details for the mandate are nearly identical to those of QN1318, apart from the fact the latter calls for the FTSE A Index-Linked Gilts Over 5 Years index.
Meanwhile, in search QN1321, a UK-based pension fund has tendered a $100m global absolute return mandate.
The investor said it was searching for dynamic asset-allocation approaches that emploed "a lot of tactical asset allocation and maybe unusual long-term asset allocations, or alternatively 'hedge fund lite' vehicles".
It said it wanted a manager with a well-defined and transparent investment philosophy, without "excessive complexity" in this asset class.
It also called for a "genuine focus" on achieving absolute returns over the long run.
"Focus should not be 'new balanced'," it said.
The mandate calls for a minimum track record of two years, although the investor would prefer five.
Interested parties should state gross-of-fees performance to the end of June.
Asset managers must also have at least $500m in AUM.
The closing date for applications to is 16 August.
Lastly, the trustees of the £160m Cooper-Avon Tyres Pension Plan have appointed SEI as their fiduciary manager.
SEI will provide strategic investment advice and full implementation of a bespoke strategy and journey plan designed to meet the company's funding goals.
It will also manage the scheme's day-to-day strategy, including selection and replacement of managers, tactical asset allocation, journey-plan implementation, funding-level monitoring and reporting.
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.
No comments yet