German CTA to award €350m TAA mandate
GERMANY - A fiduciary manager in Germany acting on behalf of a German pension fund is looking for managers for a €350m tactical asset allocation (TAA) mandate, using IPE-Quest.
Details of the search, QN952, reveal the pension fund - which is organised as a contractual trust arrangement (CTA) - wants the strategic asset allocation of the mandate to consist of 70% European bonds, 15% global equities, and 15% European equities.
"The tactical asset allocation will be restricted to a bandwidth of a maximum of 40% and a minimum of 10% equities," the fiduciary manager said in the Quest.
The named benchmarks are 70% Lehman Euro Aggregate, 15% MSCI World, and 15% MSCI Europe.
There are no tracking error guidelines, and the search closes on August 6.
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