Bavarian foundation seeks equity fund managers via IPE Quest

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A Bavarian-based foundation has, via a consultant, tendered two equity mandates of up to €10m apiece using IPE Quest.

One of the mandates is for long/short equities, and the other is for a market-neutral approach. Both can be global, regional or country-focused.

According to search QN-2296 and search QN-2297, the consultant’s client wants to select one to two asset managers for each mandate, which could be split into tranches of €2m-€4m.

The managers should in each case offer non-leveraged UCITs funds “in euro hedged and possibly distributing institutional share classes”.

The process should be active and the benchmark should be the HFRX Equity Hedge Index.

Applicants should have at least €250m of assets under management for the asset class and a minimum track record of two years, although three is preferred.

The minimum tracking error expected is 0.5% for each mandate, with a maximum of 5% for the long/short equities mandate and 4% for the market neutral mandate.

Interested parties have until 27 April to apply.

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 7261 4630 or email



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