In brief: An unnamed Nordic insurance company has tendered a Europe equities mandate via IPE Quest.
The size of the mandate was not specified. According to search QN-2590, the mandate is for large cap or all European equities, including UK-listed securities.
The insurer is looking for active management, with MSCI Europe Net Return as the benchmark. The tracking error should be at leaset 3% and at most 10%. The insurer has also indicated wanting “a sustainable strategy with a well-integrated ESG process”.
Applicants should have at least €500m in assets under management in the asset class, and €1bn as a firm, and a minimum track record of three years. When applying they should state performance net of fees to 31 December.
The deadline is 24 January 5pm UK time.
The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation 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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