An unnamed Swiss pension fund is looking for a global equity solution aligned with EU climate benchmark requirements for a $500m (€423m) mandate, according to a new search on IPE Quest.
The fund said it is looking to decarbonise its global passive equity exposure with a rule-based carbon and ESG-optimised solution. According to search QN-2686, the solution should match the EU Climate Transition Benchmark (CTB) requirements.
The investor specified that it wants minimal regional, sector and style deviation from the index, MSCI AC World or equivalent, with a tracking error of at most 1%. There should be a possibility to consider additional environmental, social and governance (ESG) criteria at a later stage.
The fund is looking for a full-service solution by an asset manager, who must have at least $50bn assets under management in passive and/or quantitative solutions and a track record of at least 10 years in passive global equity strategies.
Other requirements include that the asset manager have substantial resources in both quantitative portfolio/index construction based in Europe, and a strong firm-wide ESG orientation, preferably with membership of the Principles for Responsible Investment.
Interested parties have until 16 April to apply, stating performance gross of fees. The pension fund said it would hold conference calls with shortlisted candidates and do video due diligence with final candidates.
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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