Institutional tenders $200m Asian ex Japan equity mandate using IPE-Quest

An undisclosed institutional investors has tendered a $200m (€146m) large-cap Asian ex Japan equity mandate using IPE-Quest.

In search QN1384, the investor said it was looking for an active investment strategy and that it was agnostic towards style biases.

It said strategies should not be quantitative driven and should explicitly focus on Asia ex Japan. Asia Pacific strategies will not qualify.

The mandate requests the manager employ the MSCI AC Asia ex Japan index as a benchmark.

To tender, managers should have a minimum $2bn is assets under management for the mandate and a minimum of $5bn for the firm itself.

Managers should also have a minimum track record of three years, preferably 10.

Interested parties should supply performance data, gross of fees, to the end of 2013.

The closing date for applications is 14 February.

Meanwhile, in another search (QN1385), an undisclosed public sector pension fund in Switzerland tendered a CHF50m-75m (€41m-61m) global convertible bonds mandate.

The investor requests an active strategy with a high gamma focus using the UBS Convertibles Global Focus as a benchmark.

The manager should have a minimum of CHF1bn of AUM in convertibles, with a minimum fund AUM of CHF150m.

Managers should have a minimum five-year track record, and performance data should be supplied, net of fees, to the end of 2013.

The closing date for applications is 2 February.