UK fund tenders mid-large cap briefs via IPE-Quest
UK – A UK corporate pension fund has tendered two actively managed mid-large cap equity briefs, each worth about $100m (€77.02), through IPE-Quest.
The fund does not have any fixed views about the definition for mid-cap and is interested in how managers view this class within their existing products.
Following conversations with managers, the benchmark is likely to be either FTSE Developed Asia Pacific ex-Japan or FTSE All World Asia Pacific ex-Japan.
The client is looking for a “moderate to high alpha strategy” and managers should outperform the benchmark by 1.0-1.5% per annum.
Candidates must reply by February 25.