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Mandate roundup: Strathclyde, IPE-Quest

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Strathclyde Pension Fund, the largest UK local authority, is looking for a responsible investment (RI) overlay provider.

The five-year contract, estimated to be worth £600,000 (€752,000), would begin in January next year, according to a tender notice, with the local government scheme open to renewing the contract once.

The fund first appointed Global Engagement Services (GES) as an overlay provider in 2012, and has been a signatory of the UN-backed Principles for Responsible Investment (PRI) since 2008.

It has pledged to incorporate environmental, social and governance (ESG) issues into its investment analysis and decision-making processes.

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The firm has recently engaged with Japan-based Rakuten after reports that its parent company Rakuten Ichiba was “profiting from the killing of endangered species through online sales of a wide range of whale meat and ivory products”, according to Strathclyde’s most recent RI report for the first quarter of the year.

It also confirmed it would become a signatory to the Carbon Action initiative by the Carbon Disclosure Project, urging action on greenhouse gas emissions.

Applications should be submitted by 10 September.

Meanwhile, a Swiss pension fund is looking to commit up to €20m to a global equity fund, using IPE-Quest.

According to search QN1442, the fund would like to appoint a global equity manager to oversee its investment, which could be split across a number of funds.

The mandate will concentrate on the equities of firms with global brands or “global Titan firms”, according to details provided by Kottmann Advisory.

Interested parties can request further details before 20 August.

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 direct from IPE-Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email jayna.vishram@ipe-quest.com.

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IPE QUEST

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

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

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