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Australian institution tenders global mandates [amended]

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An undisclosed institutional investor based in Australia has tendered two global mandates, each worth AUD60m (€38.6m), using IPE Quest.

One is a diversified growth/multi-strategy mandate, the other an absolute-return bond mandate. 

According to searches QN-2186 and QN-2187, the client is looking for either pooled or segregated accounts.

The benchmark is cash plus 5% for the diversified growth/multi-strategy mandate and cash plus 2-3% for the bond mandate, but, in each case, the benchmark will vary “depending on where the product is based”.

Applicants should manage at least AUD500m in the respective asset class and have a track record of two years, although three would be preferred.

Interested parties should state performance, gross of fees, to the end of March.

The deadline for applications is 31 May.

The IPE news team is unable to answer any further questions about IPE Quest 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 jayna.vishram@ipe-quest.com.

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    Closing date: 2018-08-01.

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