IPE-QUEST: Swiss bond and equity mandates

SWITZERLAND - Swiss pension funds are looking for investment managers to handle high yield bond and global equity mandates, using IPE-Quest.

The first search, QN856 , is for a high yield bond manager and states around CHF 150m (€91.5m) is to be invested in an existing actively-managed global high yield bond fund.

The mandate will be benchmarked against the Lehman Brothers US corporate high yield or a similar index.

"It is expected that the selected investment manager will outperform the benchmark by an average of 100 basis points per year over a cycle of four years," said the pension fund in the search.

The universe includes any non-investment grade bonds from a corporate issuer. Convertible bonds and emerging market bonds are not part of the universe.

Only managers with a fixed all-in fee, but charging no performance fee, can apply.

In the second search, QN857, a Swiss pension fund is seeking a global equities manager for a CHF 80 - 250m mandate.

This mandate will be benchmarked against MSCI World (ex Switzerland) all countries TR Index, with a tracking error of 1.5%-2% per annum.

The bond manager search closes September 21, while QN857 closes September 13.

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IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2563

    Asset class: Mid & Small Cap Equities.
    Asset region: Global.
    Size: USD $130m.
    Closing date: 2019-09-27.

  • QN-2564

    Asset class: Large Cap Growth Equities.
    Asset region: Global Developed Markets.
    Size: USD $130m.
    Closing date: 2019-10-04.

  • DS-2567

    Closing date: 2019-10-02.

  • QN-2569

    Asset class: Local Currency Bonds.
    Asset region: Global Emerging Markets.
    Size: $500m.
    Closing date: 2019-10-10.

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