IPE-QUEST: Swiss fund tenders US large-caps
SWITZERLAND – A Swiss pension fund has tendered a $6m (€4.75m) actively managed US large-cap equities mandate via IPE-Quest.
The assets will be benchmarked against the S&P 500. Style is value or blended.
The specific requirements are for a pooled account/investment fund. Tracking error is > 4%. There must be a proven track record for at least three years, although five years are preferred. There must be stable portfolio management team.
The closing date is May 31.