mast image

Special Report

Impact investing

Sections

Industry-wide fund searches for high-yield gains

Related images

  • Industry-wide fund searches for high-yield gains

EUROPE - An industry-wide continental European pension fund is seeking to hire a global high-yield fixed income provider to manage a $80m (€51m) mandate, using IPE Quest.

Details of the tender, QN953, reveal, the actively-managed mandate is for global developed markets high-yield debt, benchmarked to the Merrill Lynch global high yield index.

The successful firm will be required to stay within a minimum and maximum tracking error of 50 basis points and 7% respectively.

Officials stress they would prefer a mandate rather than a fund and state "a thorough investment process is a must for this manager".

Minimum track record in this area is three years, though the pension fund would prefer five years, and minimum mandate for this sector is $500m along with $2bn within the firm.

All performance data must be presented gross of fees and submissions close on August 15.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2543

    Asset class: Search of an Asset manager / Advisor managing / Advising a risk-based equity derivatives overlay program.
    Asset region: Global Developed Markets Equities, Global Emerging Markets Equities, Swiss Equities.
    Size: CHF 700-2100 million.
    Closing date: 2019-06-17.

  • QN-2544

    Asset class: Transitional Real Estate Debt.
    Asset region: North America (USA/Canada).
    Size: $50-100mn.
    Closing date: 2019-06-17.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

Begin Your Search Here
<