IPE-QUEST: UK fund tenders unconstrained brief
UK - A UK pension fund has tendered an unconstrained mandate worth up to 80 million pounds (117.9 million euros) via IPE-Quest.
It is seeking to outperform UK Gilts by three percent a year. The guidelines on how to achieve this are ‘unconstrained’. The pension fund is prepared to consider any strategy or product, which can be shown to achieve the three percent above UK Gilts target on a consistent basis.
Candidates must be able to demonstrate a track record for existing pension fund clients.
The mandate‘s size can vary from a minimum of 40 million pounds to a maximum of 80 million pounds.
Managers must be prepared to meet the pension fund in the UK four times a year but there is no requirements to have a permanent presence in the UK.
Candidates should apply by September 30.