A Swiss-based reinsurance company is using IPE Quest to search for managers for a balanced multi-asset mandate worth between CHF200m (€180.7m).
According to search DS-2684, the asset owner is looking for a portfolio manager that is able to invest part of a reinsurance asset pool into a diversified portfolio of equities (<10%), investment grade bonds and real estate securities and funds (<10%).
The company is open for various models of implementation ranging from “best in class fund selection” to “single security selection”. Irrespective of the model, the selected manager will be responsible for compliance with a given set of strategic leeways on each asset class, the notice said.
The reinsurer is attaching great importance to ESG criteria, it added.
There is a possibility that the company will further diversify into satellite investments in a later stage through high yield credit, private equity, infrastructure.
Participating managers should supply gross of fees performance data as of 31 December 2020 and are required to hold a minimum $5bn of total assets under management (AUM) for this particular asset class.
Interested managers should also have a five-year minimum track record and can apply by 26 March by 5pm UK time for this Discovery – a pre-request for information tool that enables institutional asset owners to carry out a preliminary search for managers active in a particular asset class or region.
Benelux-based investor launches global equity tender
Separately, an institutional investor based in the Benelux has issued a global equity tender for $300m (€251.4m).
The investor is inviting managers that offer fundamental bottom-up global equity strategies to apply via the IPE Quest QN-2685 search.
Such strategies should have an investment horizon of at least three to five years, a benchmark-agnostic investment approach and a value-oriented investment philosophy with due regard to quality, the notice said.
It also added that offered strategies should include a concentrated portfolio of a maximum of 50 positions. There should also be clear ESG integration and a demonstrable active ownership approach, the search stated.
Participating managers should supply gross of fees performance data as of 31 December 2020 and are required to hold a minimum $1bn of total assets under management (AUM) for this particular asset class and a minimum $5bn AUM overall.
Interested managers should also have a five-year minimum track record.
The deadline to participate in this search has been set for 31 March 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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