SCANDINAVIA - An industry-wide pension fund is looking for a manager for a $30m (€24m) Japanese small-cap equities mandate, using IPE Quest.

The search, QN980, states the manager should apply a long only strategy, and not make use of derivatives.

The targeted tracking error lies between 3% and 8% and the manager should have "a track record of at least three years, with data per October 31, 2008" while "all data in the quest should be denominated in yen" according to the fund.

The closing date for the search is December 4.

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