A pension fund based in Germany has tendered a €20m smart-beta equity mandate using IPE Quest.

According to search QN-2125, interested parties should have at least €250m in assets under management in the asset class.

The mandate is to cover Europe excluding the UK and adopt the MSCI Europe Multi-Factor or similar index as a benchmark, observing a maximum tracking record of 10%.

The pension fund said it was creating a long-list of managers, and that a manager might therefore not be appointed.

Interested parties should state performance, net of fees, to the end of September and have a track record of at least three years (preferably five).

The deadline for applications is 30 October.

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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