A European pension fund is tendering a $250m (€194m) US corporate bond mandate, using IPE-Quest.

The fund behind search QN1455, which seeks managers for an investment-grade corporate bond portfolio investing in AAA-BBB bonds, said the proposed $250m size was a soft limit.

The actively managed mandate should be benchmarked against the Barclays US investment-grade corporate bond index, the search added.

The fund requested that asset managers have at least $1bn in similar mandates and $7.5bn in assets under management (AUM) across the whole firm – which should have a minimum track record of three years, with five preferred.

Interested parties have until 13 October to apply, stating gross-of-fees performance to the end of June.

Separately, a Swiss pension fund is looking for a manager to oversee an insurance-linked securities (ILS) portfolio.

IPE-Quest search QN1456, conducted by an investment consultant on behalf of the fund, would be for a $250m global ILS mandate.

The actively managed mandate would be benchmarked against the Swiss Re global catastrophe bond index.

The investment consultant did not set a minimum AUM for any existing mandates overseen by asset managers or an AUM threshold for companies as a whole.

However, managers should have a track record of at least three years (preferably five).

Interested parties have until 6 October to apply, stating gross-of-fees performance to the end of June.

The IPE.com 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 direct from IPE-Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email jayna.vishram@ipe-quest.com.

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