DENMARK – A Danish pension fund has put out to tender a 50 million euro emerging market debt mandate via IPE-Quest.

The search is being conducted by the consultant Kirstein Finans, which plans to propose three to five emerging market debt managers to its pension fund client for a potential mandate of more than 50 million euros.

The pension fund has not yet made a final decision to invest in emerging market debt, but wishes to screen potential managers and products as part of their decision making process.

There is a preference for European-based managers, but other managers with very good track records will be taken into consideration. Regionally biased portfolios may be at a disadvantage, and the portfolio does not need to be hedged, says Kirstein Finans.

Applications must be received by April 30. Further details of the mandate and how to apply can be found on