IPE QUEST - A Swiss pension fund is looking to invest $250m (€184m) in emerging market equity, using IPE Quest.
In search QN1204, the scheme stresses that it requires a low tracking error, limiting active risk for the duration of the mandate, with the MSCI Emerging Markets index selected as the benchmark.
The tracking error should not at any point exceed 1%, it said, with a long-only investment style required.
The Swiss fund also asks that the asset manager oversee assets of at least $3bn in a similar mandate, with around $30bn in total assets under management.
It should also have managed similar mandates for at least three years, with a five-year track record preferred.
Asset managers interested in the mandate should apply by 5 October, submitting performance gross of fees to the end of 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 3465 9330 or email email@example.com.