Sections

Mandate roundup: IPE Quest, LV=, BlackRock, Towers Watson

Related Categories

A Swiss pension fund is looking to invest $50m (€44m) in a private loan fund, using IPE Quest for its manager search.

According to search QN 2047, the unnamed Swiss pension fund has asked Kottman Advisory to assist with the appointment of up to three private debt or syndicated loan funds, splitting investment evenly across North America and Europe and Asia.

The funds could be either actively or passively managed and benchmarked against the S&P Leveraged Loan Index or the Credit Suisse Leveraged Loan Index.

Asset managers should have at least $200m in assets in similar mandates, but the consultancy did not specify a minimum AUM for the company as a whole.

Any of the listed mutual funds put forward for consideration should not invest more than 50% in mezzanine debt or direct lending, the search specified.

Interested parties have until 14 May to submit proposals, stating their gross of fees performance to the end of 2014.

In other news, the pension fund for UK insurer LV= has appointed BlackRock to a multi-million-pound liability hedging mandate.

The scheme’s trustee appointed BlackRock after a search conducted by consultancy Redington, with the asset manager broadening the number of LDI investments to include swaps, Gilts and repo instruments previously not exploited.

The LV= Pension Fund, with liabilities of £1.5bn (€2bn), also implemented a new volatility controlled synthetic equity strategy to reduce its equity risk.

Lastly, the £3bn Electricity Supply Pension Scheme, sponsored by the UK Power Networks Group, has appointed Towers Watson as actuarial advisor.

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 direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email jayna.vishram@ipe-quest.com.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

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

  • QN-2444

    Asset class: Trade Finance.
    Asset region: Global.
    Size: USD 10m.
    Closing date: 2018-06-25.

  • QN-2452

    Asset class: Hard Currency.
    Asset region: Emerging markets.
    Size: USD 300 mil..
    Closing date: 2018-06-22.

Begin Your Search Here