IPE-QUEST - A Swiss pension fund is looking to hire a manager for a $40m (€29.9m) global equity mandate, using IPE-Quest.

Details of QN1012 reveal the corporate pension fund is seeking a company offering a defensive or conservative strategy in global developed markets all and large cap equities, and was very specific in saying it wants to invest in "companies with resilient business franchises".

Assets will be benchmarked to the MSCI World index with gross dividends reinvested and the appointed firm must ensure it has "limited exposure to economic weakness", the fund stipulated

All data must be reported net of fees to 31 December 2008, and officials would prefer to receive applications from companies with at least $500m in AuM applied to this mandate, and a minimum of $2bn in total AuM.

The minimum track record is five years, and applications must be submitted by 15 April 2009.