mast image

Impact Investing

IPE special report May 2018

Sections

SwissAir names five sub-fund managers for e600m

SwissAir has announced the names of managers appointed to run e600m in five sub-funds belonging to the recently restructured pension scheme. The fund has appointed managers to five mandates, each valued at approximately e120m.
Wellington has been appointed to run both an active US equities and an active European equities sub fund. Capital International has been appointed to oversee the active pacific equities mandate.
Each of the equity mandates are to be run on aggressive basis, according to Felix Kottmann, the investment consultant to the fund, who says that tracking errors are likely to be between 7% and 12%.
For a US bonds, index-enhanced sub-fund, the scheme has appointed Bank of New York while Dresdner Investment Management in Frankfurt is to run an equivalent European bond mandate. These two, although index-enhanced, will operate at no more than 20 basis points from the benchmark. Kottmann says they considered appointing a manager for an enhanced Swiss bond mandate but that the applicants were insufficiently impressive.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

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

  • QN-2435

    Asset class: CLOs.
    Asset region: Global.
    Size: USD 50m.
    Closing date: 2018-05-22.

  • 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.

Begin Your Search Here