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IPE special report May 2018

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Swiss scheme tenders $400m bond mandate using IPE-Quest

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  • Swiss scheme tenders $400m bond mandate using IPE-Quest

IPE – A Swiss pension fund is looking for a manager to oversee a $400m (€309m) corporate bond mandate, using IPE-Quest.

According to details provided for search QN1302, the pension fund will start with a portfolio of at least $400m allocated to global investment-grade corporate and financial bonds.

The fund will consider both active and passive management strategies, but asks that performance be benchmarked against the Barclays Global Aggregate Corporates index.

Managers should have at least $3bn in similar mandates and total assets under management of at least $20bn, with at least six years' experience in the asset class, but preferably a decade.

Interested asset managers should have a "significant" operational presence in Europe and experience managing both fixed income asset classes.

The pension fund said its criteria were "hard limits" and not in any way to be seen as flexible.

Managers should also be able to demonstrate a maximum track record of 4% and apply by 2 June, stating net of fees performance to the end of March.

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 jayna.vishram@ipe-quest.com.

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IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

  • RE-2441

    Closing date: 2018-05-31.

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