An undisclosed institutional investor based in Switzerland has tendered a $250m (€195m) “trade finance” strategy mandate using IPE-Quest.

According to search QN1457, the strategies can be investment grade or sub-investment grade, with a maximum duration target of 18 months.

The investor asks that managers have at least $500m in assets under management (AUM) for the mandate itself and $5bn in AUM as a company.

It said it would accept a track record of one year but prefer one of three years.

Interested parties should state performance, net of fees, to the end of June.

The closing date for applications is 7 October.

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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