IPE QUEST - A Scandinavian institutional investor is looking to award a €100m investment grade bond mandate, using IPE Quest.
In Quest search QN1144, the investor says it allow a global exposure to investment-grade bonds, with an active management approach requested.
The unhedged mandate, will use the Barclays Capital Global Aggregate Credit Total Return index as a benchmark, although similar ones will also be considered.
Investment managers should have at least €250m in similar mandates and the same amount in total assets under management, with at least three years and preferably five years of trading experience.
The Quest search adds: "We focus on managers that are able to deliver good information ratios. Tracking error should be under 5% but the first priority is a high information ratio."
Interested parties should submit their performance to 30 September, both net and gross of fees, by 3 December.
The IPE.com news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email firstname.lastname@example.org.