A corporate pension fund based in Germany has issued four tenders via IPE Quest worth around €500m in total.
The pension fund is searching for an active manager to invest:
- €100m in all/large-cap European equity (QN-2796), following the EStoxx 50 Price Index, with a tracking error not exceeding 5%;
- $150m in all/large-cap US equities (QN-2797), following the S&P 500 Total Return Index, with a tracking error not exceeding 5%;
- €150m in European corporate investement grade bonds (QN-2798), following the iBoxx Euro Corporate Overall Total Return Index, with a tracking error not exceeding 2%;
- $150m in US corporate investement grade bonds (QN-2799), following the Bloomberg United States Corporate Total Return, with a tracking error not exceeding 2%;
The scheme is seeking managers with experience in German KVG and Depotbank.
Participating managers should be able to show a minimum track record of three years, with a minimum $1bn of assets under management (AUM) for the asset class.
The deadline for all four mandates has been set for 29 September, 5pm UK time.
Separately, an insurance company based in The Netherlands is looking for an asset manager to invest at least €250m core growth emerging market (EM) equity.
According to search QN-2795, the investor will consider a bottom-up/fundamental approach that follows the MSCI Emerging Markets Index (EUR), but the strategy should not make use of leverage or derivatives.
“The strategy can have systematic aspects, but should have a clear fundamental approach (with human assessment/analysis on stocks). We don’t prefer a value strategy since our existing EM manager is a value manager,” the fund added.
Participating managers should be able to show a minimum track record of at least five years (since inception is preferred), with a minimum €1bn of AUM for the asset class (€2bn for total AUM).
The deadline for this mandate is 3 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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