An undisclosed family office in Monaco has tendered a $20m (€18m) global hedge fund mandate using IPE Quest.

According to search QN-2169, performance for the active, systematic FX mandate should be measured against the Parker Global Currency index.

Applicants should have at least $250m invested in the asset class and a three-year track record.

They should also state performance – net of fees – to the end of December 2015.

The deadline for applications is 18 April.

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.