A Swiss pension fund has issued four tenders via IPE Quest worth around CHF2.6bn (€2.7bn) in total.

The scheme is searching for one passive manager to manage its three equity sub-portfolios to invest:

  • CHF650m in Swiss equity, following the Swiss Performance Index;
  • CHF1.1bn in developed market equity, following the MSCI DM World ex Switzerland Index;
  • CHF250m in emerging market equity, follwoing the MSCI Emerging Markets Index.

According to IPE Quest search QN-2801, the three separate segregated accounts should be held within a Swiss single investor fund.

Furthermore, the scheme is also searching for a passive manager to handle a CHF600m government bonds mandate investing in global developed markets.

As per the IPE Quest search QN-2802, the mandate should follow the Bloomberg Barclays Fiscal Strength Global Treasury ex CHF Index.

The investment objective of all portfolios shall be to deliver a return as close as possible to the return of their benchmarks, both notices stated, adding that leverage, securities lending and repo agreements are not permitted, while derivatives are only allowed on a covered basis.

Additionally, the exclusion list of SVVK-ASIR should be applied.

The deadline for both equities and bonds mandates has been set for 13 October, 5pm UK time.

APK seeks managers for CHF240m small, mid-cap equity mandate

Aargauische Pensionskasse (APK), the Swiss pension fund for the employees of the Aargau canton with assets worth more than €13bn, has also issued a tender via IPE Quest.

The CHF240m small and mid-cap active equity mandate should follow the SPI Extra TR Index

APK is searching for two asset managers – each to take CHF120m – who should have a strong focus on sustainable alpha creation, the notice stated.

Participating managers should be able to show a minimum track record of at least five years, with a minimum €500mn of assets under management for the asset class (€1bn for total AUM).

The deadline for this mandate is 5 October, 5pm UK time.

Swiss Investor issues $150m infrastructure brief

Separately, a Swiss pension investor has issued a $150m tender via IPE Quest for an active fund of funds infrastructure mandate.

According to the search (QN-2803), the appointed manager would focus on brownfield infrastructure with limited exposure to greenfield projects via a core/core+ strategy with limited exposure to opportunistic.

The investor would also like the selected manager to focus on strategies in OECD countries and diversified globally, also ermitting the use of co-investments and secondary funds. Additionally, investments should be categorised under the BVV2 Infrastructure Quota.

Participating managers should be able to state performance gross of fees as of 31 August 2022.

The deadline for this mandate has been set for 14 October, 5pm UK time.

The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation 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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