GLOBAL - Three Nordic investment funds are seeking an adviser for emerging market (EM) debt funds with assets of €600m.

The funds - all Nordea Fund & Manager Selection vehicles domiciled in Denmark and Finland - are conducting a review of its existing advisory structure and seeking a replacement.

Any applicant hoping to advise the private bank should have the capacity for at least a further €600m in assets invested in hard currency EM debt, with short-selling and leveraged investments automatically excluded from the investment approach.

The bank also will not consider any dedicated regional emerging market debt vehicles, dedicated local currency or dedicated corporate emerging market debt.

Additionally, any products offering 50% invested in hard and 50% invested in local currency will be automatically excluded.

Advisors interested in mandate QN1167 should submit an application by 17 March.

Meanwhile, Legal & General Investment Management has won a €70m mandate from the Swiss canton of St Gallen.

The canton's assets will be invested in the asset manager's Euro Credit Corporate Bond vehicle, with more than €250m worth of assets already under management from various European institutions.

Markus Näf, chief investment officer for the canton, said: "One of the main reasons we selected LGIM for this mandate was due to their solid risk management process and excellent and stable performance numbers."

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 direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email