IPE-QUEST - A Swedish life and pension provider is looking for an external manager to take care of $1bn (€720m) in passive global emerging markets equities, using IPE-Quest.

QN1076 reveals the insurer is seeking to benchmark its enhanced passive investments against the MSCI EM index, but is willing to invest either through a segregated mandate or a pooled vehicle.

The absolute minimum track record is three years, although officials would prefer five years, and performance must be stated gross of fees to 31 December 2009.

The term has a 1% maximum tracking error and interested parties must have at $2bn as minimum AuM.

Closing date for applications via IPE-Quest is 26 February 2010.

The news team is unable to answer any further questions about IPE-Quest tender notices, to protect the clients conducting the search. To obtain information direct from IPE-Quest, please contact Jayna Vishram on + 44 (0)209 7261 4630 or email jayna.vishram@ipe-quest.com