A Swiss occupational pension fund is using IPE Quest to search for managers for a securitised investment grade global bond mandate worth $1bn (€819.9m).
According to search QN-2662, the global passive brief will follow the Barclays Global Aggregate Securitized index.
Participating managers should supply gross of fees performance data as of 31 December 2020 and are required to hold a minimum $20bn of total assets under management (AUM) for this particular asset class, with a required minimum total AUM of $50bn.
Interested managers should also have a five-year minimum track record, but 10 years are preferred, the search stated.
The deadline to participate in this search is 5pm UK time 22 February.
Separately, another Swiss pension scheme has issued a request for information (RFI) pertaining to a CHF4.5bn (€4.1bn) passive currency overlay mandate.
According to notice QN-2661, the RFI is a first step to define the scheme’s requirements for a passive currency overlay manager. “We also like to define a universe of potential managers,” the notice said.
As a second step there might be an in-depth request for proposal (RFP)/due diligence and the scheme will contact four to five managers directly.
A track record of passive currency overlay management of at least five years is required, along with an AUM of at least $10bn and at least 10 clients/mandates for passive currency overlay management globally with strong references in Switzerland – at least one client of important size or pension fund in Switzerland.
The deadline to participate in this RFI has been set for 5pm UK time 3 March.
The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email firstname.lastname@example.org.
UK local authority awards property mandate
Hampshire County Council has appointed CBRE Global Investors to run a real estate mandate for the Hampshire Pension Fund.
The appointed manager is expected to deliver high quality risk-adjusted returns through a direct portfolio of UK property assets, a tender award notice disclosed.
As of 31 March 2020, there were a total of 178,000 scheme members and the scheme was valued at £6.9bn (€7.8bn). The fund’s strategic asset allocation to UK property stands at 10%.
The local authority had appointed MJ Hudson Allenbridge to provide advice on the initial invitation to tender; the firm was also on the evaluation panel, the notice said.