An Asian institutional investor is seeking a manager for a $20m (€16.5m) Islamic bond mandate via IPE Quest.

According to search QN-2431, the investor wants to allocate to a global active manager of Islamic, or “sukuk”, bonds.

Providers pitching for the mandate must have at least $1bn under management across the company, but minimum sukuk assets are just $35m “as we understand the assets for sukuk managers are still small”, the investor said.

Managers should state three-year performance net of fees to 31 March 2018.

The benchmark for the mandate is the Dow Jones Sukuk index.

The investor said it would accept systematic strategies or discretionary approaches.

Managers should provide other details of their process including:

  • whether it is a top-down or bottom-up investment approach;
  • the location of portfolio managers;
  • the firm’s research capabilities;
  • how key man risk is mitigated;
  • details of the turnover and track record of portfolio managers.

The deadline for bids is 10 May at 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. 

 

Topics