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European investor seeks manager for $150m equity mandate [updated]

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An unnamed European institutional investor is looking for a manager for a $150m (€129m) global developed markets equity mandate via IPE Quest.

According to search QN-2474, the manager should have at least $1.5bn of assets under management for the asset class, and $10bn as a whole for the firm.

The investor is open to all management styles but has indicated a preference for a “systematic enhanced index” strategy.

The benchmark should be MSCI World. The investor has specified a minimum tracking error of 0.5% and a maximum of 2%.

Managers should have a track record of at least five years for the strategy. The investor said it would accept backtested performance data, but the strategy should still have a live track record of more than three years.

Interested parties have until 25 September to apply, and should state performance net of fees to 31 August of this year. 

[This story was updated on 18 September with additional information from the investor.]

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 jayna.vishram@ipe-quest.com.

 

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