A European pension fund operator is seeking a global equities manager to run money for up to three of its pension plans, via IPE Quest.
According to search QN-2471, the mandate will be worth between $50m and $100m (€43m-€85m) “for one or all of our three major European pension plans”.
Managers pitching for the mandate should have at least $1bn already invested in the strategy, and a track record of at least 10 years.
Performance should be stated gross of fees to 31 July 2018, and managers should state the alpha generated over three, five and 10 years, as well as since inception of the strategy.
Downside capture should be lower than 100%, the investor stated – “the lower the better”. Managers should also demonstrate a “batting average” – a measure of a manager’s ability to beat the benchmark – of more than 50%.
The investor has not specified a style or process, but the manager will be benchmarked against the MSCI ACWI or MSCI World indices.
The deadline for submissions is 13 September at 5pm UK time.
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 firstname.lastname@example.org.
Other open IPE Quest manager searches:
Swiss pension fund seeks manager for $500m emerging markets mandate (closes 4 September)