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Nordic pension fund tenders $40m worth of equity mandates

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A Nordic pension fund has tendered $40m (€35.5m) worth of equity mandates, using IPE Quest.

The unnamed asset owner tendered four $5m-10m mandates for a series of equity strategies, using either UCITS or SICAV structures as its preferred fund-pooling option.

Search QN-2154 seeks to allocate towards an actively managed global equity strategy, benchmarked against the MSCI All Countries World Index.

QN-2155 is looking to build exposure to an actively managed, global developed-market equity strategy, benchmarked against the MSCI Developed Markets Index.

An actively managed European equity mandate is being tendered as part of search QN-2156, with the pension fund specifying the MSCI Europe Index as a benchmark.

Tracking error must range between 1% and 6% for all three mandates.

The final search, QN-2157, for an actively managed Japanese equity mandate, would be benchmarked against the Nikkei 225.

Fund managers for any four of the mandates should have at least $500m in AUM in the asset classes in question, and at least $1bn in company assets.

The pension fund asks that managers have at least three years’ experience, but preferably five years, across any of the strategies, and that proposals state net of fees performance to the end of January.

Proposals for all four searches must be submitted by 29 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 3465 9330 or email jayna.vishram@ipe-quest.com.

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