IPE QUEST - A Swiss institutional investor is searching for a manager for a $100m (€69m) commodities mandate, using IPE Quest.

The long-only mandate, QN1179, will be allowed to invest in commodities across the globe, with the investor hoping the long-only approach will generate strong and sustained outperformance compared with diversified commodities indices.

Performance will be assessed via the Dow Jones-UBS Commodities indices, with concessions made for a potentially high tracking error.

The investment will be made in US dollars and hedged into Swiss francs. Track records investing in the former currency are welcomed, although managers will not be excluded if only track records for other currencies exist.

The manager should have at least three years of experience, preferably investing in futures.

Additionally, both knowledge of and experience with Swiss institutional funds and clients in the county will be an advantage.

Interested parties should supply a spreadsheet containing a track record of a fund or composite with the longest track record, which should run at least three years, with assets under management of $50m. No back-testing will be allowed.

Furthermore, a composite including all similar mandates or funds should be included, while back-testing is permissible if the longest real track record is less than three years.

Requests for information should be made by 13 May.

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.