The €1.3bn Kosovo Pensions Savings Trust (KPST) is tendering a €40m multi-asset mandate, using IPE Quest.

KPST, the pension fund behind search QN-2180, said it was seeking an active manager to oversee the multi-asset portfolio, able to invest in equities, debt instruments and money market funds, among other asset classes.

The fund said the mandate, worth €20m-40m, would be allowed to invest in assets from across the world, although it would prefer to limit exposure to issuances from OECD countries.

It added that derivatives exposure would only be allowed as part of a hedging strategy.

KPST did not propose any benchmark for the long-only, absolute-return strategy, but it asked that any interested asset manager have at least €300m in assets.

Additionally, interested managers should have at least a three-year track record.

Applicants have until 30 May to respond to the request for proposal, with further details available from IPE Quest. 

The IPE news team is unable to answer any further questions about IPE Quest 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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