EUROPE – An undisclosed corporate pension fund located in Continental Europe has tendered a $40m (€30.1m) global listed real estate securities mandate using IPE-Quest.
In search QN1327, the investor is looking for an asset manager to adopt an active approach and follow a global REIT investment style.
The investor also calls for a minimum track record of three years and a preferred track record of five, with asset managers maintaining a tracking error of between 0% and 3%.
Applicants should have at least $1bn in AUM for the mandate itself and $5bn for the company.
Interested parties should supply performance data, net of fees, to the end of June.
The deadline for this mandate is 16 August.