Swiss pension fund tenders $150m corporate bond mandate
IPE-QUEST - A large, undisclosed Swiss pension fund has tendered a $150m (€116m) global corporate bond mandate using IPE-Quest.
According to QN1258, the investor is looking for a mix of investment grade and high yield, with a 30% maximum allocation for the latter.
The mandate calls for a benchmark comprising the Barclays Global Aggregate Corporate Bond (80%) and the Barclays Global High Yield (20%) indices.
Interested parties should have at least $30bn in assets under management (AUM) and $500m in AUM for the mandate itself, although this will not be strictly applied, according to the investor.
Applicants must have a minimum five-year track record, stating performance, gross of fees, to the end of September.
The maximum tracking error is 4%.
The closing date for applications is 17 October.
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 directly from IPE-Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email firstname.lastname@example.org.