Pension scheme looks to China
NETHERLAND - A Dutch pension scheme is looking for an asset manager to run a €10m Chinese equity mandate, using IPE-Quest.
Details of QN997 state a Dutch consultancy firm is conducting a search on behalf of the scheme, and the mandate will track an appropriate benchmark with an annual outperformance target of 2-4%.
The mandate will be a euro-denominated or euro-hedged actively-managed pooled vehicle.
The manager should have a GIPS-compliant or equivalent track record of between 3 and 5 years and offer a product that is fiscally transparent and eligible for a tax-exempt Dutch pension scheme to invest in.
As well as organisational stability, the manager should demonstrate tangible expertise in the Chinese equity markets while showing commitment to client servicing in the Netherlands.
Closing date for the IPE Quest search is 25 March 2009.