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Swiss pension fund tenders equity mandates via IPE Quest

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A Swiss pension fund has tendered active and passive domestic equity mandates for a total initial commitment CHF60m (€53m) via IPE Quest.

According to searches QN-2494 and QN-2495, managers should expect inflows of around CHF60m until 2022 and an additional CHF80m until 2024.

Daily liquidity is needed. Individual holdings of the subfunds have to be capped at 10%. An exclusion list based on environmental, social and corporate governance criteria must be respected.

The tracking error cannot be higher than 2% for either mandate.

The pension fund has not yet defined a benchmark for the active allocation, but it should have a bias towards mid-cap companies.

Investments under the passive mandate should track one of five specified SIX Swiss Exchange indices.

The allocations will be housed in an existing ‘umbrella’ fund structure known as an Effektenfond.

Interested parties should have at least CHF750m of assets under management for Swiss equities, and CHF1bn as a firm. They should have a track record of at least five years, but track records of more than 10 years are preferred.

Applicants should state their performance, gross of fees, to 31 October. The deadline for submissions is 10 December, 5pm UK time, for both mandates. 

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-2570

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

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