European scheme tenders US high-yield mandate using IPE-Quest

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A European pension fund has tendered a $200m (€179m) US high-yield bond mandate using IPE-Quest.

The unnamed pension fund said it was searching for an asset manager to provide an active management approach to core US high yield.

Managers should benchmark against the Merrill Lynch US High Yield II Constrained index, observing a tracking error of 1-5%.

The pension fund requires interested asset managers to have a minimum of $1bn in assets within US high yield and $2bn in assets overall.

Managers should have at least a five-year track record.

Interested parties should state performance gross of fees until April.

The closing date for submissions is 26 June.

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

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