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Danish pension fund looks to invest $100m in global equities

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  • Danish pension fund looks to invest $100m in global equities

IPE QUEST - A Danish pension fund is looking to place a $100m (€75m) global equity mandate, using IPE Quest.

Mandate QN1158, being tendered by Kirstein Finans on behalf of the scheme, is looking to invest between $70m and $100m through a fundamental stock-selection process, with the goal of outperforming the MSCI World index.

The tender adds: "It is important performance not be created through big periodically and advantageous small-cap and/or emerging markets allocations compared with the chosen benchmark."

The scheme says that no growth strategies will be considered, while a core-orientated investment style should be implemented, occasionally using value tilts.

Additionally, only actively managed, long-only products will be considered, with index and enhanced index products, as well as all multi-manager products, automatically disqualified from selection.

Any products should have at least three years' performance figure, but preferably a five-year track record, and they should outperform the MSCI World index by 3%, with allowances made for tracking error.

Based on quantitative and qualitative analysis, as well as a due diligence,
the manager selection will result in the selection of one manager, following a successful application that includes performance data until the end of November.

Any questions regarding the mandate should be addressed to Martin Nielsen of Kirstein Finans, while applications must be made via IPE Quest by 31 January.

The IPE.com 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 direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email jayna.vishram@ipe-quest.com.

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IPE QUEST

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  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

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