Mideast body tenders equity mandate via IPE-Quest
EUROPE – A public institution in the Middle East has tendered a 100 million-dollar plus mandate for actively-managed pan-European Mid Cap Equities.
The institution has no preferred style bias and seeks performance records with a tracking error in the four to 10 range. A three-year track record is preferred.
Assets under management within this asset class should be around 500 million dollars plus. There is no preferred benchmark and the closing date is August 30.