IPE-QUEST: Swiss fund tenders €118.5m
SWITZERLAND – A Swiss pension fund has tendered a $150m (€118.5m) US equity mandate via IPE-Quest.
The fund is looking for a manager with “a moderate turnover” to actively manage the mid cap growth brief, which is to be benchmarked against the Russell 2500/2000 Growth TR.
The ideal candidate must have proven track record of at least five years as well as a solid and stable portfolio management team.
The fund requires the mandate to be managed as a segregated account with a tracking error between four and 10%.
It is prepared to consider any stocks listed on an US or Canadian stock exchange, but no securities lending is permitted.
The closing date of the search is May 31.