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German pension fund tenders €100m alternative strategies mandate

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An undisclosed corporate pension fund in Germany has tendered a €100m liquid alternative strategies mandate using IPE-Quest.

According to search QN1488, the client is looking for a multi-strategy fund (single or multi-manager) that is absolute return-orientated and uses liquid alternative strategies.

The product should be broadly diversified over strategies and/or asset classes and/or countries/regions.

The correlation of the asset manager’s offering to equity markets and the euro bond market should be low, according to the search.

The investor said the product should be in a UCITS format or non-UCITS AIF, in addition to being investable via a German Spezial AIF.

Knowledge of German Spezial AIFs would be an advantage.

Liquidity should be at least monthly – daily or weekly is preferred – and the product should be euro denominated.

The target return will be three months Euribor plus 4-6% per annum, while the target volatility will be 3-7%.

Applicants must have a minimum of €500m in assets under management (AUM) for the mandate itself and €5bn in AUM as a company.

The client also requires a track record of at least three years, preferably five.

Interested parties should state performance, net of fees, to the end of 2014.

The deadline for applications is 18 February.

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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