IPE Quest: German fund seeks TAA and debt

GERMANY - A German fiduciary manager is tendering two European tactical asset allocation (TAA) and fixed income investment mandates on behalf of a German pension fund (CTA), using IPE Quest.

Details of QN863 reveal a German CTA is seeking a eurozone TAA manager to manage $50m (€35m) in assets as a subfund of a German master-KAG, which will be benchmarked to the MSCI World TR or Lehman Euro Aggregate indices.

Tracking error is 1-8%, and interested firms must have a minimum track record of three years, although five years is preferred, along with a minimum of $1bn in assets under management (AUM) for the mandate and $10bn in AUM as a firm.

Performance data must be gross of fees and deadline for tenders is October 10.

Likewise, QN862 says a German pension fiduciary is seeking a manager to handle a $50m (€35m) eurozone debt mandate as a subfund of a master-KAG for a German CTA.

Assets will be benchmarked to the Lehman Euro Aggregate Index with a tracking error of 50-200 basis points.

Performance should be gross of fees while minimum track record is again three years with five years preferred and minimum AUM is $1bn for the mandate and $10bn for the firm.

Deadline for submissions is October 10.

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  • QN-2570

    Asset class: Direct Real Estate.
    Asset region: Europe excluding Switzerland.
    Size: 150m.
    Closing date: 2019-10-30.

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