An Eastern European pension is tendering three equity and multi-asset fund mandates worth up to €120 million.
Three searches are asking managers with funds based in OECD Member States to apply for the three mandates worth €10-40 million each. Any submitted funds should be open-ended pooled vehicles with assets under management of at least €800 million, according to the search. The fund further asks that all vehicles have at least a five-year track record and do not submit any back-tested data.
The mandate could be managed either actively or passively, according to the search, with both open-ended funds or ETFs permissible.
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