SWITZERLAND – A Swiss pension fund has tendered a mandate for enhanced Swiss equities worth 50 million Swiss francs (32 million euros) via IPE-Quest.

The search is being run by investment consultant Kottmann Advisory on behalf of a Swiss pension fund client.

The tender calls for a segregated vehicle only. The benchmark is the SMI and the universe is the SPI Index.

The return target is 20 basis points per annum and the tracking error is < 1.5%. Reporting currency is Swiss franc. The manager must show special experience in this area with a minimum three-year track record and a significant specialisation in this asset class.

The closing date is December 11.