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  • Pension funds embark on Quest to invest

IPE-QUEST - Two consultancy firms are seeking equity and bond managers on behalf of their clients, one of which is confirmed as being a Danish pension fund.

Kirstein Finans is looking for an asset manager to look after $25m (€17.4m) in global value equities via a IUCITS fund structure. The QN 1069 search via IPE-Quest states this investment will act as a satellite to the Danish pension fund's existing mandates and structure so the base investment sum has the potential for further increases.

The long-only fund must be actively-managed but multi-manager offerings, derivatives and leverage cannot be used, states the tender notice.

The fund must outperform the MSCI World index or MSCI World Value by 2-3% but Kirstein will create a tailor-made value benchmark. Performance must also be stated to 30 November, 2009, with a minimum track record or three years although five is preferred.

Enquiries about the mandate must be directed to Kirstein Finans and applicants must be presented via IPE-Quest by 15 January 2010.

Elsewhere, a Swiss-based investment consultancy is assisting its client to invest $50m in global government debt along with $25m in pan-European large cap core equities.

Details of QN1070 state the debt will be benchmarked to the Citigroup WGBI All Maturities index, and performance must be stated to 30 September 2009 gross of fees with a tracking error of 2-5%. The firm must have a minimum track record of five years although 10 years is preferred, and a minimum mandate of $1bn or $10bn at the firm.

The tender notice for QN1071 follows similar requirements although the benchmark in this case is the MSCI Europe.

Applications to the Swiss consultant must be filed via IPE-Quest by 14 January 2010.

The news team is unable to answer any further questions about IPE-Quest tender notices, to protect the clients conducting the search. To obtain information direct from IPE-Quest, please contact Jayna Vishram on + 44 (0)209 7261 4630 or email jayna.vishram@ipe-quest.com

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IPE QUEST

Your first step in manager selection...

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

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

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