SCANDINAVIA - A Scandinavian pension fund has tendered a high–yield securities mandate worth up to 100 million dollars (78.6 million euros) via IPE-Quest.
The mandate, be invested in global developed markets, should specifically focus on corporate high yield securities with exposure to issues with a market value of less than 100 million dollars.
The pension fund does not require any exposure to distressed debt or gearing.
The successful candidate should manage more than 250 million dollars (196.6 million euros) within the specified asset class against the JP Morgan Global High Yield Index.
The closing date has been set for March 1.