Aargauische Pensionskasse (APK), the Swiss pension fund for the employees of the Aargau canton with assets worth more than €13bn, has issued three tenders via IPE Quest worth around €750m in total.
APK is searching for two active managers with experience in the US corporate investment grade bonds market, according to search QN-2793.
Each active mandate is worth $250m and the appointed managers are to follow the Bloomberg US Corporate Total Return Index.
As for the last mandate, according to search QN-2794, APK is seeking one active manager with experience in the euro corporate investment grade bonds market.
The fund is planning to set a carbon reduction target compared to the benchmark for all three mandates. The extent of the reduction will be discussed when setting up the investment guidelines, the notices stated.
Participating managers should be able to show a minimum track record of five years, with a minimum $10bn of assets under management (AUM) for the asset class ($50bn for total AUM).
The deadline for all three mandates has been set for 15 September, 5pm UK time.
Separately, an institutional investor based in Switzerland is looking for an asset manager to invest AUD290m (€196m) in Australian fixed income.
According to search QN-2792, the investor will consider a strategy and/or benchmark that deviate from the stated benchmark and at this stage the investor is “open to any investment approach”.
The recommended benchamrk is the Bloomberg Aus Bond Comp 0+ Index.
“Please keep in mind that the stated benchmark is a good reflection of the govies vs credit mix, duration and credit spread levels that we would plan to run in our mandate, so any proposed strategy should be reflective of that,” the investor stated in the notice.
Participating managers should be able to show a minimum track record of at least three years (10 years is preferred), with a minimum AUD500m of assets under management (AUM) for the asset class (AUD5bn for total AUM).
The deadline for this mandate is 16 September, 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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