SCANDINAVIA – An industry-wide pension fund in Scandinavia has put two equity mandates out to tender via IPE-Quest.
The fund is looking for a manager/managers for an active pan-European small cap equities portfolio, using the preferred benchmark MSCI Pan-Euro Small Cap. The exact investment value is not yet decided but it will be 10 to 50 million dollars (8.5 million to 42 million euros).
A mandate for an active global large cap equities portfolio has also been put out to tender. The preferred benchmark is the MSCI World. Again, the exact value is not yet decided but it will be between 10 and 50 million dollars.
Closing date for applications is June 24.
Details on how to apply can be found on www.ipe-quest.com. So far this year the IPE-Quest service has conducted more manager searches than in the whole of 2002.