German institution tenders for corporate bond manager
GERMANY – A German institutional investor has put out to tender a global investment grade corporate bond mandate via IPE-Quest.
The investor is seeking managers for an active global investment grade corporate bond mandate hedged in euro. The mandate is approximately 200 million euros in size.
Preferred benchmarks are the CG World BIG Corporate index, Lehman Global Corporate index, or any other common global corporate investment grade bond benchmark.
Managers are asked to supply euro hedged performance data or performance data in US dollars or local currency. Further details on how to apply and track record requirements are available on the www.ipe-quest.com website.
The closing date for applications is 25 July 2003.