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Dutch consultant tenders €60m in equity mandates using IPE Quest

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Two €30m equity mandates – one for developed markets and a second for emerging markets – are being put out to tender by a consultant in the Netherlands on behalf of a charity, according to IPE Quest.

The first search is for all or larger-cap equities within global developed markets, using a core style and passive process.

The preferred benchmark is the MSCI World.

Firms should have a track record of at least two years, though a five-year record is preferable, according to the search.

The closing date for responses is 22 April at 5pm UK time.

A shortlist will be drawn up on 27 April, with the deadline for submissions of RFPs on 7 May.

The second mandate is for all or large-cap equities within emerging markets, using the MSCI EM as the preferred benchmark.

For this mandate, asset managers should have a track record for the asset class of at least three years, with five years’ experience preferred.

The deadline for responses to the emerging market search is 23 April at 5pm UK time.

The shortlist for this mandate will be selected on 26 April, with RFPs to be submitted by 6 May.

The consultant said the charity was looking to incorporate ESG factors into its equity exposure, excluding names rather than taking a best-in-class approach.

As passive investors, the consultant said there was no problem with tracking error caused by exclusions.

For both mandates, managers should have at least €1bn in assets under management in the relevant asset class and €10bn or more in assets overall.

The charity’s board is set to make its final choice for both mandates on 27 May, according to the search.

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

  • QN-2474

    Asset class: All/Large Cap Equities.
    Asset region: Global Developed Markets.
    Size: $150m.
    Closing date: 2018-09-25.

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