IPE-QUEST: Danish fund tenders €75m
DENMARK – A Danish pension fund has started an asset manager search for two mandates worth a total €75m via IPE-Quest.
The fund has tendered a €25m developed Asia equity all-cap core mandate with an open benchmark as well as a €50m emerging markets equity all-cap core against the MSCI Global Emerging Markets.
The fund requires no style tilt for either, but is asking for a tracking error ranging from 4% to 10%. The right candidate has a track record of at least three years, although the fund would prefer five years.
The deadline for both mandates is June 10.