IPE-Quest: Swiss scheme tenders US equities
SWITZERLAND – A Swiss pension Fund has put out a request for tender for actively managed US small- to mid-cap equities via IPE-Quest.
It requires a pooled account or investment fund with a 4% tracking error for the $4m (€3.1m) mandate. The brief is to be run against the Russell 2500.
The right candidate must also have a three-year track record, although the fund would prefer five years. The fund also requires a “stable” portfolio management team.
Requests should reach the fund by May 31.