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Mandate roundup: €300m up for grabs in trio of IPE Quest tenders [updated]

Three investors are hunting managers for mandates via IPE’s RFP service, IPE Quest.

£200m global equities mandate

A UK pension fund is searching for ideas from fund managers for a £200m (€233m) global equities mandate, via IPE Quest.

Search DS-2514 is for an actively managed, global large-cap equity allocation. The investor is open to either a pooled fund or segregated mandate.

Managers responding to the search should have at a track record in the asset class of at least five years – although the pension fund indicated flexibility on this criterion – and a minimum of $500m (€441m) under management.

The investor cited a maximum tracking error of 8%.

The deadline for submissions is 15 March at 5pm UK time.

Dutch investor eyes social bonds

An investor based in the Netherlands has issued a search for a social bonds fund manager to run at least €10m.

Search DS-2513 is for a global, developed markets social bonds mandate. The strategy should be actively managed and available as a pooled fund.

Managers must have at least a one-year track record.

The deadline for submissions is 14 March at 5pm UK time.

Family office targets concentrated global equity portfolios

Finally, a Dutch family office is seeking a manager with the ability to run €67m in large cap global equities, spread across 26 separate accounts on an internal investment platform.

Search QN-2515 specifies that managers responding to the tender should have at least €250m under management in global equities, and at least €1bn across the company.

They should have a minimum track record of three years, but the family office said it would prefer at least a 10-year record.

The family office wants an active manager able to run concentrated portfolios of roughly 30-50 stocks. The minimum tracking error is 5%, with a maximum of 10%.

Managers should report performance gross of fees to 31 January 2019. The preferred benchmark is the MSCI ACWI index.

The deadline for submissions is 14 March at 5pm UK time.

This article was updated on 5 March to reflect changes to the QN-2515 search.

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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IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

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