A pension fund has launched a request for information on IPE Quest in relation to a potential mandate to invest €950m in sovereign local currency emerging market debt.

According to search QN-2578, the investor is interested in receiving information from asset managers with experience managing such a mandate in an “enhanced manner,” aiming to replicate key criteria of the benchmark with lower turnover and lower transaction costs.

It said it might change the benchmark of the mandate to include hard currency debt from emerging market sovereigns.

Responses to the request for information will inform the pension fund’s longlist of managers, which it said would be cut down to two to three managers following a comprehensive analysis. It will carry out site visits to managers on the shortlist and perform reference checks on them.

Managers must have a code of conduct to be able to be considered for the next round of the selection process, as well as an ISAE 3402 Type II or AAF 01/06 quality certification or equivalent.

The deadline for responses to the request for information is 19 December. Applicants should state performance to 31 October 2019 gross of fees.

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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