Dutch fund tenders hedge brief on IPE-Quest
NETHERLANDS – A Dutch pension fund has tendered two hedge fund of funds mandates via IPE-Quest.
One mandate is for a hedge fund of funds that invests in convertible arbitrage managers only. The benchmark will be the CSFB hedge index – HEDG Convertible Arbitrage.
The second mandate is for a hedge fund of funds that invests in equity market neutral managers only. The benchmark will be the HEDG Equity Market Neutral.
The number of managers in the funds must be at least ten, and must have at least 500 million dollars (437 million euros) in assets under management. Funds of funds must have been established before 2001.
The size of both mandates will be between 50 and 100 million dollars (43.7 and 87.4 million euros). The closing date for applications is October 9.
Further information including details on how to apply can be obtained from the website www.ipe-quest.com.