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European insurer tenders emerging market equity mandate on IPE-Quest

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A Europe-based insurance company has tendered a €200m emerging market equity mandate, according to a search on IPE-Quest.

The unnamed investor has put out a search for an asset manager to run a euro-denominated portfolio of all/large-cap equities within emerging markets.

The assets should be managed using a core style, and the insurance company has said specifically that the investment process should definitely not result in a value bias.

The process has been stipulated as active, with the benchmark for the portfolio being the MSCI Emerging Markets Index.

The investment process should involve fundamental analysis of countries, sectors and companies, the insurance company said.

It also said it had a preference for a top-down thematic approach in the first phase of the process.

Tracking error is expected to be kept between 2% and 7%.

Firms responding to the search should have assets under management (AUM) for this asset class of at least €1.25bn, and total AUM for the firm of €2.5bn.

Performance should be stated in US dollars to 31 May.

The firm should have a track record of at least five years.

The deadline for submissions is 26 June.

After that, the deadline for the section of a shortlist is 15 July, followed by a deadline for submission of RFPs on 24 August.

The final selection will be made by the board on 1 December, 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 directly 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

Your first step in manager selection...

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

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

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