EUROPE - A Scandinavian pension fund is looking for a global asset manager investing for a €45m frontier emerging markets mandate, using IPE-Quest.
In the search, QN893, published today, the fund said the mandate should be invested in large cap listed stocks, and must be managed on a segregated account.
There are no tracking error limitations, though the preferred benchmark is MSCI Frontier Markets Standard Core (Net) Index.
The fund added: "The mandate will be subject to the pension funds' ethical restrictions for investments."
Hence, the manager is not allowed to invest in companies blacklisted by the pension fund.
The closing date of the search is February 5.
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