Scandinavian fund tenders equities via IPE-Quest
SCANDINAVIA – A Scandinavian pension fund has tendered up to 100 million dollars in Asia-Pacific equities and up to 50 million dollars in emerging markets equities via IPE-Quest.
The first brief is for actively managed core Asia-Pacific equities, benchmark against the MSCI Pacific Developed Markets Net Dividend (customised).
The second is for actively managed global emerging markets equities, benchmarked against the MSCI Emerging Markets Net Dividend (customised).
The benchmark for both briefs is also the investment universe. The manager is not allowed to take positions in equities not included in the benchmark.
Managers must be able to demonstrate at least a three-year track record and should have a minimum of one billion dollars in Asia-Pacific equities and 250 million dollars in global emerging market equities.
The closing date is February 13.