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Swiss pension fund tenders global corporate bond mandates via IPE Quest

A Swiss pension fund is looking to allocate two mandates of between CHF500m (€428m) and CHF1bn each to global developed markets corporate bond investments.

According to search QN-2386, the asset owner wants managers using a passive or semi-passive investment process. The benchmark for the mandate is the Bloomberg Barclays Global Aggregate Corporate, unhedged in Swiss francs.

The two allocations will be set up as segregated mandates as part of the pension fund’s single investor funds.

Maximum expected tracking error for the mandate is 0.4% for passive, and 0.75% for semi-passive. Managers should have at least a five-year track record.

The deadline for responses is 15 January 2018, at 5pm UK time.

Separately, SEB Manager Research is on the hunt for a firm to take on a €200m large-cap European equities mandate for a Swedish asset owner.

The investment style required is core with a tilt towards growth, and the manager should use an active process, according to search QN-2393.

The benchmark to be followed is the MSCI Europe index.

SEB said the client was looking for an existing fund in a UCITS-compliant structure with a retail share class, registered for sale in Europe.

The fund should have a Morningstar rating of three or more, a concentrated portfolio and a strong stock-picking process.

ESG must be integrated into every investment decision, according to SEB Manager Research, adding that the mandate had a very high focus on ESG and active ownership.

The final closing date for the search is 21 December at 5pm UK time.

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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