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Impact Investing

IPE special report May 2018

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Nordic pension fund tenders high yield, commodities mandates

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A Nordic pension fund is tendering $20m (€17.7m) worth of credit and commodities mandates, using IPE Quest.

The unnamed asset owner tendered two $5m-10m mandates, building on a series of $40m worth of equity mandates previously released.

Search QN-2158 seeks to allocate towards an actively managed US high-yield credit strategy, stating that performance will be measured against a “broad benchmark covering all sectors”.

The pension fund asked that the strategy have a minimum tracking error of 1% but not exceeding 5%.

The second search, QN-2159, is for commodities, measuring performance against the Bloomberg WTI Crude Oil total return sub-index, or the NYMEX WTI Crude or ICE Brent Crude futures market.

The fund allows for the tracking error on the commodities mandate to be significantly higher, placing an upper limit of 10%.

Interested asset managers must have at least $500m across either strategy, and total assets of $500m under management.

Additionally, they should have at least three years’ experience, but preferably five years, and submit proposals stating net of fees performance to the end of January.

Proposals for the searches must be submitted by 7 March.

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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  • RE-2441

    Closing date: 2018-05-31.

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