IRELAND - An insurance company has tendered an actively managed balanced mandate worth in excess of 100 million euros through IPE-Quest.

The mandate includes the management of debt and equities, combining both Irish and European assets.

The target balance is 70% investment grade debt and 30% equities. There will be a further target split within each asset class with debt split between 70% Irish and 30% Europe excluding Ireland. Equities are split between 30% Irish and 70% Europe excluding Ireland.

Performance figures supplied by asset managers must demonstrate an ability to manage both asset classes as well as both Irish and European securities.

These performance figures need not reflect the target percentages shown above. The closing date is June 18.

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