EUROPE – A European pension fund has tendered $50m-$200m (€39m-€156m) in active Japanese equities via IPE-Quest.

The search (QN629) requires respondents to present their most competitive product/strategy in terms of risk adjusted (relative benchmark) returns.

“Hedge funds and multi-managers are not of interest to us. However, a mainly long-only strategy may use leverage to a lesser extent,” it adds. “When you answer the questions, please use USD as currency.”

The deadline is June 5 2006.