IPE-QUEST: Multi-manager tenders equities
EUROPE - A European multi-manager has tendered two equities mandates totalling 60 million dollars (46.6 million euros) through IPE-Quest.
One mandate is worth an initial 30 million dollars and is going to be invested in actively managed US value equity, benchmarked against the Russell 1000 Value index.
The second mandate worth an equal amount of money for an initial is for actively managed US growth equity, benchmarked against the Russell 1000 Growth index.
The multi-manager is specifically looking for small houses as they have detailed knowledge of most of the larger players in the industry.
Any active manager will be considered and there are no restrictions on assets under management or minimum track records.
The deadline for both is December 6.