Nordic insurer hunts UK equity exposure via IPE Quest
A Nordic insurance company has launched a search for a UK equity fund manager through IPE Quest.
According to search QN-2540, the investor wants to add a large-cap or all-cap UK equity product to its “guided” fund range.
The benchmark for the fund will be the FTSE All Share index. The strategy can be active or passive, but the maximum tracking error allowed is 10%.
Managers bidding for the mandate must have at least €100m of assets in an existing UK large-cap or all-cap equity strategy, and at least €1bn across all strategies.
Performance should be stated net of fees to 30 April 2019. Managers should have at least a one-year track record, but the investor would prefer at least three years.
The strategy should be held within a UCITS-compliant pooled vehicle in either Luxembourg or Ireland.
The deadline for submissions for the mandate is 5pm UK time on 27 May.
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 email@example.com.