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Nordic insurer seeks developed market bond manager via IPE Quest

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A Nordic insurance company has launched a tender for a $50m (€44m) global developed markets fixed income mandate on IPE Quest.

According to QN-2498, the unit-linked insurer is looking to invest in investment grade bonds, and seeking active managers.

The focus, it said, should be on “bottom-up security selection with a macro overlay”.

The benchmark for the mandate is the Bloomberg Barclays Global Aggregate Corporate index.

Tracking error for the strategy should be between 0.5% and 2%. Asset managers should have at least $3bn in assets under management for the asset class, and $10bn as a firm. Ideally they would have a track record of at least seven years, but three years is the absolute minimum.

Interested parties should state performance gross of fees to 30 November. The deadline is 7 January at 5pm UK time.

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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  • QN-2519

    Asset class: Fund wrapper.
    Asset region: Global.
    Size: EUR 80m.
    Closing date: 2019-03-29.

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