IPE-QUEST: German fund tenders global equities
GERMANY- Swiss Consultant Kottmann Advisory is looking for a manager for an actively managed growth oriented large-cap global equity brief on behalf of a German pension fund.
The mandate, in excess of 100 million dollars, (82 million euros) is benchmarked against the MSCI World net index.
The return target is 200 basis points above the index, net of fees. Tracking error is expected to be in the region of 600-800 basis points.
Managers must show special experience in this area with at least three years track record and a significant specialisation in this investment category.
Segregated accounts only will be considered. Reporting is expected in euros. Applications will be accepted until September 13.
Felix Kottmann, who heads the consultancy team, said the pension fund was likely to select the manager at the beginning of 2005.