IPE-QUEST: European scheme tenders €82.5m
EUROPE - A European pension fund has tendered an equity large-cap core mandate, worth up to $100m (€82.5m) via IPE-Quest.
The fund requires the investment to take place in global emerging markets by managers who have at least $250m in assets under management in the product area. Investments must be against the MSCI Emerging Markets benchmark.
The right candidate has a minimum track record of three years, although the fund would prefer five years or longer.
The fund will not consider managers who contact it directly .The search closes on June 30.