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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.

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