A Swiss pension fund with more than CHF20bn (€16.5bn) in assets has tendered a $700m-1.5bn (€580m-1.2bn) enhanced commodity swap mandate using IPE-Quest.

According to search QN1452, the pension fund is looking for swaps under the categories F2, CM and MB.

The fund said it preferred a passive enhanced management style.

Managers should employ the Bloomberg Commodity ex Agriculture Index, or sub indexes, with a maximum tracking error of 0.2%.

Further, they should have at least $5bn invested in commodity swaps and a minimum of $20bn in assets under management as a whole.

The investor also calls for a minimum three-year track record.

Interested parties have until 29 September to apply.

Performance figures should be stated net of fees and up until 30 June.

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.