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Mandate roundup: IPE-Quest, Société Générale Securities Services

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  • Mandate roundup: IPE-Quest, Société Générale Securities Services

IPE - A European pension fund had tendered a $50m (€38m) global government bonds mandate using IPE-Quest.

According to search QN1233, foreign currency hedging will be permitted for the mandate, which is to include only non-euro countries within the OECD.

Only government bonds and an "opportunistic" allocation to quasi-sovereign bonds, or less than 10%, will be allowed.

Besides this, the mandate will be benchmark unconstrained.

Active duration management will be required, the fund said. Derivatives will be permitted, but those not employed for hedging purposes should not exceed 30% of net asset value.

The mandate calls for a minimum three-year track record, at least $500m in assets under management (AUM) for the mandate itself and $5bn in AUM for the firm.

Interested parties should state performance gross of fees to the end of March.

Applications must be received by 11 May.

In other news, Financiere de l'Echiquier has appointed Société Générale Securities Services to act as an additional local transfer agent in Italy, providing paying agent and investor relations management services.

Financiere de l'Echiquier - an employee-owned asset manager based in France - cited SGSS's international expertise as a transfer agent, its ability to provide personalised services and its network of placing agents.

SGSS in Italy offers a range of securities services, including clearing, custody and trustee services, fund administration, liquidity management and transfer agent services.

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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