IPE: European scheme tenders three mandates worth €120 million

19 November 2013

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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