IPE QUEST - A European pension fund is looking to invest $150m (€112m) in global emerging market equity, using IPE Quest.

The mainland European industry-wide pension fund, tendering QN1154, will consider placing the assets in either a pooled fund or in a separate mandate. The manager must minimise tracking error and keep it below 2%.

Additionally, the mandate will be benchmarked to the MSCI Emerging Markets index and the manager should employ a core investment style, with large cap equities being managed passively.

The scheme asks that only companies with more than $2bn in emerging market equities apply, while the company itself should manage at least $5bn and have traded for at least three years.

Interested parties should submit their performance record as of the end of 2010, net of fees by 21 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.