An unnamed Dutch pension fund has turned to IPE Quest with a €250m global high-yield mandate to award.
According to search QN-2839, the asset owner requires that asset managers already have at least €2bn in assets under management for the asset class, and €5bn as a firm.
Investments are to be benchmarked against the ICE Bank of America global high-yield constrained index, with a minimum tracking error of 1% and a maximum of 5%.
Firms should have a track record of at least three years, although at least five years is preferred.
The deadline for applications is 15 September at 17:00 UK time. Applicants should supply performance data gross of fees.
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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