Scandinavian fund tenders EM equity via IPE-Quest
SCANDINAVIA – A Scandinavian industry-wide pension fund has put out to tender a global emerging markets equity mandate via IPE-Quest.
The scheme is looking for a manager for an active global emerging markets equity portfolio for an initial amount of 50 to 100 million dollars (44-88 million euros).
A manager with a three to seven percent tracking error over the last five years, with an information ration of about 0.5%, is being sought.
The deadline for applications is August 22.
There are currently six mandates being tendered on IPE-Quest, totalling up to 320 million euros. For further details on these, including the mandate mentioned above, visit the website www.ipe-quest.com.