An institutional investor based in Switzerland has tendered a €50m ESG equity mandate using IPE-Quest.

According to search QN-2137, managers are expected to outperform the benchmark, after costs, by at least 100 basis points over a rolling three-year period.

Asset managers should employ the MSCI Europe-TR as benchmark, with a maximum tracking error of 5%.

The investor has no minimum assets under management or track-record requirements.

The mandate requires at least 50 holdings and prohibits leverage or short-selling, nor should maximum weight of a single security exceed 10% of portfolio value.

The investor prefers the “integration approach” to ESG and calls for no “thematic ESG products”.

Interested parties should state performance, gross of fees, to the end of October.

The deadline for applications is 7 December.

The IPE 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 directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email