IPE - A Swiss institutional investor is looking to place a $400m (€280m) absolute return mandate, using IPE Quest.

Because QN1200 is a request for information, details have been kept to a minimum.

The investor has yet to decide on an applicable benchmark, nor will it limit the absolute return mandate - targeting the currency market - to any single currency.

Additionally, no mandate structure has been decided on, while an active investment style has been chosen as the preferred option.

Managers should be aware that the tracking error should be kept below 6% and that all applications should be made by 27 June, with further details of the search available on logging into IPE Quest to complete the investor's questionnaire.

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 jayna.vishram@ipe-quest.com.