EUROPE - A European pension fund is looking to invest $100m (€75m) in global fixed income, using IPE Quest.

The corporate scheme based in continental Europe conducting search QN1215 said it was looking to appoint a manager to oversee a passive mandate with no or a very low tracking error, using the Barclays Global Aggregate Bond index as a benchmark.

Managers should have at least five years experience in the asset class, administering at least $1bn in assets in a similar strategy. Additionally, no firm with less than $3.5bn in assets under management will be considered.

Interested parties have until 13 January to apply for the mandate and should submit their performance, net of fees, until the end of September this year.

Meanwhile, France's Fonds de réserve pour les retraites (FRR) is looking to renew an expiring €600m European equities mandate that must be compatible with its socially responsible investment (SRI) approach.

The €34.7bn scheme, which earlier this year unveiled a significant shift towards liability driven investment (LDI) in order to meet its obligation to pay €2.1bn per annum to Caisse d'Amortissement de la Dette Sociale, was looking to target small and mid cap companies with the tendered portfolio.

It added that the manager should target European companies either already implementing ESG policies or looking to do so in the near future.

Interested parties have until 23 January to contact FRR.

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.