The ABN Amro pension fund in the Netherlands is looking for an asset manager to run a large euro-denominated corporate bond mandate worth between €500m and €600m, via IPE Quest.
According to search QN-2488 on the manager-search service, the pension fund said the mandate was for investment-grade “enhanced passive” credit within environmental, social and corporate governance-aware guidelines.
Strategies should have a maximum tracking error of 0.5% and at least a two-year track record, although ABN Amro expressed a preference for a three-year record.
The benchmark for the mandate was stated as the Bloomberg Barclays MSCI Euro ESG Sustainability indices.
Firms responding to the quest should have at least €3bn of assets under management in this class, and a minimum of €10bn in total assets under management.
Managers should state performance gross of fees to 30 September 2018.
The search’s final closing date is 10 January 2019, 5pm UK time.
The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation 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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