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Pension fund tenders CHF700m emerging market bond mandate

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  • Pension fund tenders CHF700m emerging market bond mandate

IPE - A European pension fund has tendered a CHF700m (€583m) emerging market government bond mandate using IPE-Quest.

According to search QN1242, the pension fund was looking for a "low-tracking error solution" with active elements, with the aim of matching the performance of the benchmark - the JPM GBI-EM global diversified - while avoiding the "disadvantages of replicating a bond index".

It also said that added value should come "mainly from country and bond selection", as opposed to duration bets.

Asset managers must have a proven track record in emerging market government bonds in local currencies.

They should also have at least CHF4bn in assets under management (AUM) for the mandate and CHF20bn for the firm itself.

Tracking error should be around 2% or lower.

The pension fund said it would prefer a segregated account and emphasised that the product must be suitable for Swiss pension funds.

Interested parties should state performance, gross of fees, to the end of March.

The deadline for applications is 4 July.

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

  • QN-2570

    Asset class: Direct Real Estate.
    Asset region: Europe excluding Switzerland.
    Size: 150m.
    Closing date: 2019-10-30.

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