An undisclosed pension fund based in Continental Europe has tendered €100m corporate bond mandate using IPE-Quest.

According to search QN1459, the investor is looking to invest in euro-denominated, investment-grade (AAA-BBB) bonds, using a pure passive indexation strategy.

Applicants must have at least $250m (€156m) in assets under management (AUM) for the mandate itself and $5bn in AUM as a company.

They must also have French-language capabilities.

The mandate calls for a minimum track record of three years (preferably five) and a target tracking error of 0%.

Respecting the mandate’s benchmark, the investor said it was “open to manager suggestions”.  

Applicants should state performance, gross of fees, to the end of June.

The closing date for applications is 22 October.

For any questions regarding this search, please email Questions submitted after 17 October will not be answered. Please do not request information about the client or its location, as this will not be replied to.