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German investor seeks back-up manager for €100m bond mandate

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An undisclosed German corporate investor is searching for a manager to act as back-up manager for a €100m bond mandate, using the IPE Quest service.

According to search number QN-2190, the investor is looking for companies that can run a mandate to invest in euro bonds overall, with maturities of 10 years or more.

The style is stipulated as “active alpha-seeking”, and the benchmark to be used is the iBoxx EUR Overall 10+.

The search makes clear the exercise is not being carried out for an immediate investment need, however.

According to details of the search, the client — which is looking for segregated accounts — is just on the hunt for a potential back-up manager for this asset class.

“It means the investment might not be carried out immediately after this search is finalised,” the search says.

Companies responding to the search should have at least €1bn in assets under management (AUM) for this asset class, and €10bn in AUM overall.

Minimum and maximum expected tracking error for the mandate are 0.5% and 1.5%, respectively.

Applicants must have track records of at least three years, though a minimum of five is preferred.

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 3465 9330 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-2474

    Asset class: All/Large Cap Equities.
    Asset region: Global Developed Markets.
    Size: $150m.
    Closing date: 2018-09-25.

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