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Scheme seeks high yield US debt manager

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  • Scheme seeks high yield US debt manager

NETHERLANDS -  A Dutch pension fund is looking for an external managers to manage a $100m (€79.3m) USA high-yield debt mandate, using IPE Quest.

In the search, QN995, the fund said it expect the chosen manager does not add any additional risk premiums to the given mandate outside the risk premiums embedded in the benchmark for that specific mandate.

"This approach ensures that the overall allocation over the risk premiums for one of our specific clients cannot be disturbed by an external manager," added the fund.

The fund said it believes that the key responsibility for external managers is to exploit the risk premiums that are embedded in, or related to the benchmark they have for their given mandate, in this case the ML US High Yield Index (Cash Pay) benchmark.

The closing date for the search is March 5.

If you have any comments you would like to add to this or any other story, contact Carolyn Bandel on +44 (0)20 7261 4622 or email carolyn.bandel@ipe.com

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    Asset class: Multi-asset funds.
    Asset region: Global.
    Size: EUR 30m.
    Closing date: 2018-08-16.

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    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

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    Closing date: 2018-08-24.

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