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Benelux fund tenders €100m money market mandate via IPE Quest

A Benelux pension fund is looking for a money market fund manager for a €100m mandate via IPE Quest.

According to search QN-2443, the investor wants the mandate to be run passively and investments restricted to Europe.

The fund must invest in low-risk, short-term assets and have a triple-A rating. The pension fund is seeking a “very high level” of daily liquidity and the expected return for the fund must match the Eonia benchmark as much as possible.

The successful applicant would need to have at least €5bn under management for the asset class and at least €10bn as a firm.

The pension fund requires a track record of at least five years.

Interested parties should apply by 15 June, stating performance to 31 March, net of fees.

Separately, a Swiss pension fund has turned to IPE Quest’s Discovery service to search for a domestic equity manager for a CHF10m (€8.7m) mandate.

According to DS-2442, the investor is looking for an all-cap or large-cap strategy via a manager with a high active share to beat its benchmark, which is the SPI index.

The manager should ideally have a track record of at least three years. The pension fund estimates placing the mandate in February next year.

It is open to investing via a pooled or segregated mandate.

If possible, the investor would prefer to receive replies to the search in German.

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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