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AXA Switzerland eyes CHF260m domestic equity allocation

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AXA’s Swiss pensions business is seeking to allocate CHF260m (€231m) to domestic companies, according to two searches launched via IPE Quest.

It has tendered two equally-sized mandates, one for small and mid-sized listed equities (search QN-2541), and the other extended to large caps (search QN-2542). 

Both searches are for high-conviction, growth-oriented active managers to run a segregated mandate.

The benchmark for the small- and mid-cap mandate is the SPI Extra index and for the large cap mandate it is either the SPI or the SXI Switzerland Sustainability 25. With regard to the large cap strategy, AXA Switzerland said managers’ investment style should “support ecological goals”. 

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The minimum tracking error is 1.5%.

Managers bidding for the mandates should state performance gross of fees to 30 April 2019. The minimum required track record is three years.

They should also have at least CHF750m already invested in the respective desired strategies, and at least CHF1bn under management as a firm.

AXA Switzerland also stated that “managers should describe their selection criteria for positions and the underlying process”.

The deadline for submissions is 4 June at 5pm UK time.

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 jayna.vishram@ipe-quest.com.

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IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

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