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UK pension fund seeks diversified credit manager via IPE Quest

A UK pension fund has tendered a £150m (€171m) global diversified credit mandate via IPE Quest.

According to search QN-2336, the investor is seeking broad exposure to different credit instruments with restricted absolute volatility.

Management should be active and the style unconstrained.

The benchmark is 1-month Libor plus around 400bp-600bp.

Applicants should have a track record of at least three years for the asset class, but ideally five years.

The investor also requires weekly liquidity up to 25% of the fund, which it said can be gated.

Applicants should state performance net of fees in sterling to 31 May. 

The closing date for applications is 20 July.

Separately, an Asian pension fund is seeking ideas for a global commodities allocation via IPE Quest Discovery.

According to search DS-2337, the fund is looking to invest $50m (€44m) from January 2018.

The mandate could be active or passive, and the investor is agnostic on using a pooled fund or segregated mandate.

Managers pitching ideas should have at least a five-year track record.

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

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