Comments Facebook Twitter Google+ Published on December 3, 2016 at 3:44 pm
- Swiss pension fund tenders equity mandates via IPE Quest
The tracking error cannot be higher than 2% for either mandate.The pension fund has not yet defined a benchmark for the active allocation, but it should have a bias towards mid-cap companies.Investments under the passive mandate should track one of five specified SIX Swiss Exchange indices.The allocations will be housed in an existing ‘umbrella’ fund structure known as an Effektenfond.Interested parties should have at least CHF750m of assets under management for Swiss equities, and CHF1bn as a firm. They should have a track record of at least five years, but track records of more than 10 years are preferred.Applicants should state their performance, gross of fees, to 31 October. The deadline for submissions is 10 December, 5pm UK time, for both mandates. 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 firstname.lastname@example.org. A Swiss pension fund has tendered active and passive domestic equity mandates for a total initial commitment CHF60m (€53m) via IPE Quest.According to searches QN-2494 and QN-2495, managers should expect inflows of around CHF60m until 2022 and an additional CHF80m until 2024.Daily liquidity is needed. Individual holdings of the subfunds have to be capped at 10%. An exclusion list based on environmental, social and corporate governance criteria must be respected.
- Oz club director tries to entice Lionel Messi for Down Under
SYDNEY: A-League side Adelaide United have issued a long-shot bid to talismanic footballer Lionel Messi to join their ranks.The Australian side’s Director Ian Smith wrote a letter titled “Dear Lionel” following media reports about the Argentine wanting to quit his long association with Barcelona FC. “While Paris Saint-Germain, Manchester United and others may be chasing your signature, wouldn’t you really like to go somewhere different?” wrote Smith in the letter posted on the club’s Facebook page on Wednesday. Smith cited his state’s “brilliant” schools, tourist attractions and world-class wines as reasons the Argentine should head Down Under. Also Read – Meghalayan mid-fielder Phrangki Buam joins ISL side FC Goa “Indeed, as a consumer of Penfolds Grange, one of the world’s finest wines, we will find you a house in the suburb of Magill — It’s just a free-kick away from Penfolds’ award-winning Magill Estate restaurant, where you will have a regular table at your disposal,” he said. The Adelaide United Director though admitted that the club would not be able to pay Messi the kind of massive salary he is used to. Also Read – COVID-19: Football team observes ‘social distancing’ during match, loses 37-0″We cannot offer you much in the form of financial compensation,” Smith said, while explaining how Covid-19 pandemic has badly damaged his team’s finances. “But, hey, let’s not let that get in the way of something that promises to be very special; once you are here, you will be so happy and money will seem merely incidental,” he added. Messi has a contract until 2021 but has grown disappointed with events on and off the pitch at Camp Nou in recent months. Also Read – Big push to sports infra in Mizoram, gets Khelo India State CentreAccording to ESPN, Barcelona confirmed that they were notified by Messi of his decision via burofax, a service used in Spain to urgently dispatch a document that requires proof to third parties. The announcement comes 11 days after Barcelona’s humiliating 2-8 loss to Bayern Munich in the Champions League quarterfinals, one of the worst defeats in the player’s career and in the club’s history. (IANS) Also Watch: Working for 15 Years, Not a Single Penny Paid