IPE-QUEST: Danish manager tenders €30m
DENMARK – Consulting firm Kirstein Finans has tendered €30m in pan-European equities on behalf of a Danish asset manager via IPE-Quest.
The search (QN512) is for an asset manager equities who should be a sub-advisor for the manager.
The target is to outperform the MSCI Europe irrespective of style. Requirements are for an actively managed product (minimum tracking error of 3% - no upper limit). All-cap products are preferred, but focused large cap products will also be accepted.
The product should be style neutral over time, but style biases will be accepted (good performance in different market environments is more important than style)
The benchmark is MSCI Europe or other broad European benchmarks. The mandate size is expected to increase sharply.
The closing date is September 30.