EUROPE - Switzerland-based investment consultancy Kastor has tendered three mandates worth a total of $235m (€165m) on behalf of an institutional client using IPE Quest.
All three mandates are global in scope and seek passive management.
In QN1194, Kastor issued a $150m equity mandate, with performance benchmarked to the MSCI World Net Total Return index.
QN1195 is a $120m mandate that will track the Citi WGBI (hedged into dollars), while QN1196 is a $15m commodities mandate that will track the Dow Jones-UBS Commodity Index Total Return.
Kastor applies the same restrictions on all three mandates. Fund managers must have a minimum five-year track record and preferably more than a 10-year track record.
Companies should also have a minimum $100bn in assets under management.
Segregated mandates are preferred, Kastor added.
Interested parties should apply by 8 July, providing performance gross of fees up to 31 May.
Meanwhile, a German corporate pension scheme has tendered a $125m (€88m) global corporate debt mandate using IPE Quest.
According to QN1197, the scheme is open to number of investment styles, as long as they are active.
While the scheme calls for a minimum three-year track record, it has no requirements regarding the fund manager's assets under management.
The fund should employ the Global Corporates USD benchmark, with minimum tracking error stipulations to be set at a later date.
Interested parties should state performance net of fees to the end of May.
The closing date for applications is 14 July.
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 email@example.com.