Nordic pension fund tenders $150m GEM mandate using IPE-Quest

first_imgIt also requires an all-cap strategy, unconstrained versus the benchmark, with the ability to have a 0% weight in large benchmark stocks and large benchmark countries.The investor said fund managers must be prepared to take quarterly meetings to discuss portfolio and market developments, positioning and performance.It added: “We are not looking for an income strategy, a deep-value strategy, an EM consumer strategy or a managed volatility strategy.“Strategies that have been created due to an existing strategy having reached full capacity will not be considered for this mandate.“We are long-term investors and aim to obtain a deep understanding of our external managers’ performance drivers, investment philosophy and process.”The mandate calls for a minimum tracking error of 4%, using the MSCI Emerging Markets IMI Net TR as benchmark.Fund managers must have a track record of at least three years, preferably six.Applicants should state performance, gross of fees, until the end of 2013.The closing date for applications is 20 March.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 directly from IPE-Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email [email protected] A Scandinavian pension fund has tendered a long-only global emerging markets equity mandate using IPE-Quest.According to search QN1395, the initial mandate size will be $150m (€109m), but the investor expects to increase this amount.The mandate is likely to be a segregated account, but managers should also state whether “a UCITS fund is available”.The investor is looking for a boutique with a strong focus on emerging markets, and calls for a fundamental, active approach, a proven process with a strong valuation framework, a solid long-term track record and a relatively low turnover.last_img read more

GDF leads in Joint Services Championships with 323 points

first_imgPOLICE’s Jevina Sampson and the GDF’s Ornesto Thomas picked up wins in their 800m races yesterday, while long distance champion Cleveland Forde had to run a tactical race to win the men’s 5000m on Tuesday to help the Guyana Defence Force build up a lead over the Guyana Police Force (GPF) ,when the Inter-Services Annual Athletics Championship (ISAAC) started at the National Track and Field Centre in Leonora.Even as confusion prevailed over the results,at the end of the day the Guyana Defence Force (GDF),who are the defending champions,tallied 323 points to lead Police by 70 points.In other team results,the Guyana Prison Services ended with 51 points while the Guyana Fire Service had 49 points.Meanwhile, as competition continued yesterday with the 800m,shot put, javelin and triple-jump finals, contention continued over the day’s results, with organisers still trying to finalise the points up to late last night.A similar situation prevailed on Tuesday when the event began, which saw the winners of races being mixed up.Though the officials could not get their act together on the track, winning was the only thing on the minds of the athletes, seeking to take their team to the top. Sampson fought hard and prevailed over her teammate Shonsell Adams in the women’s 800m, while in the men’s 800m,Thomas took the win over his teammate Wayne Harlequin.In Tuesday’s events, Police’s Nathaniel Giddings ran the race of his life as he tried but failed to overpower Cleveland Forde,aka Little Kenyan. Forde was content to let his teammate Odwin Tudor and Giddings lead for most of the race, but always mindful to keep just behind the leading pack. It was with just two laps to go that Forde really began to make a bid for the lead.He received some resistance from Giddings, who was intent on giving this race his best.The sprinkling of spectators were on their feet cheering on their favourites, waiting in suspense to see if Giddings would manage an upset over FordeBut as the race entered the last lap,Giddings could no longer hold off Forde. By the time Giddings hit the back straight Forde had already put some distance between the two, and it was all over for Giddings. Giddings managed to close in on Forde,however,he couldn’t get past him.Forde then closed off the race in 15:54.70s, while Giddings came in just behind him in 15:56.60s.Many commended Giddings for his performance,saying that was one of the best they’ve seen from him. Tudor took third in 16:07.00s.The women’s 300m was won by Ashanti Scott in a time of 11:56.90s.In other wins of the day, GPF’s Saphina Vanderstoop picked up the women’s discuss win with a distance of 36.90m.GDF’s Domon Williams leaped to 6.87m to take the men’s long jump win, and Aniqua Powley won the women’s long jump after clearing 5.42m.last_img read more

‘BH Telecom Ilidža Fis Cup 2014’ Next Week on Bjelešnica

first_imgOrganized by the Skiing Association of B&H and the Ski Club Ilidža, next week at the Olympic Mountain Bjelešnica the 13th international ski competition ”BH Telecom Ilidža Fis Cup 2014” will be held in the senior and junior categories.More than 150 alpine skiers from Europe, South America and Asia will participate. On 1 and 2 February, slalom races will take place.This year, the competition is being organized on occasion of the 30th anniversary of the Winter Olympics in Sarajevo. B&H Olympians who will take part in the Winter Olympics in Sochi, Russia will take part in this competition.(Source: Fena)last_img