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Swiss pension fund seeks passive managers for domestic, global equities

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A Swiss pension fund is seeking managers for allocations to domestic and global developed market equities, via IPE Quest.

The investor plans to allocate $100m (€88.2m) to the developed market equities mandate and CHF100m (€88.1m) to the Swiss equities mandate.

According to search QN-2510, the pension fund is interested in allocating to an all-cap or large-cap passive global equities manager.

The benchmark for the global mandate is the MSCI World ex Switzerland index.

For the Swiss tender – which is also for a passive manager – search QN-2509 states the benchmark as the SPI index.

In both cases, managers pitching for the business should have at least $750m under management in the strategy and at least $1bn under management across the firm.

Managers should have a track record of at least four years, but the investor said it would prefer those with at least a 10-year record.

The maximum tracking error is 4% for both mandates. Performance should be stated gross of fees to 31 January 2019.

The deadline for submissions for both mandates is 5pm UK time on 14 February.

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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