IPE-QUEST: Luxembourg insurer tenders €23m
LUXEMBOURG - A Luxembourg domiciled mutual insurance company has tendered a large-, mid- or small-cap equities mandate worth up to $30m (€23.1m) through IPE-Quest.
Actively selected equities are to be invested in developed East Asia markets excluding Japan and emerging Asian markets such as India and Indonesia.
Segregated or pooled accounts will be considered but the client has a preference for segregated accounts. The mutual insurance company has not specified a benchmark either, but would expect it to be an Asian, excluding Japan, benchmark.
Candidates must have at least three years of performance data for these markets. The deadline is April 8.