Mandate roundup: Dutch, Swiss investors tender mandates via IPE Quest

first_imgAn insurance company based in the Netherlands and a Swiss institutional investor have tendered a mandate each via IPE Quest.According to search QN-2576, the Dutch investor has tendered a US small-cap equity mandate.It is planning to invest more than $100m (€89m), using a core bottom up fundamental investment strategy.It will use the Russell 2000 or S&P 600 as a benchmark, with a minimum 2% tracking error but no more than 5%. Managers should have more than $1bn in assets under management for the asset class, and more than $3bn in total assets.Applicants should state performance data to 31 October 2019, gross of fees.Their track record should be at least five years, but a track record since inception is preferred.The deadline for applications for the US small-cap mandate is 9 December.As for the Swiss investor, through search QN- 2577, it is looking to hire one manager to run two separate investment strategies: a fund of hedge funds mandate and an alternative risk premia brief.The asset owner will invest $200m in each strategy, which will have global convergent (RV) and divergent (CTA/Macro) investment styles.The hedge funds mandate will follow the HFRX Global Hedge Fund Index (excl. Equity L/S and Event Driven), while the alternative risk premia protfolio will follow the Société Générale Multi Alternative Risk Premia Index.Applicants should have more than $1bn in assets under management for the asset class, and should state performance data to 30 September 2019, gross of fees.Their track record should be at least five years.The investor has also set up volatility targets over three years with a tracking error of less than 8% for the the hedge fund strategy and less than 6% for the alternative risk premia mandate.The deadline for applications for both mandates with the Swiss investor is 3 December.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 [email protected] journalists seek infrastructure managerThe Istituto Nazionale di Previdenza dei Giornalisti Italiani (INPGI) – Italy’s first-pillar pension funds for journalists – is looking for closed-end alternative investment funds to invest in infrastructure debt or and/equity.Prospective managers will have until 5 December to apply and will need to fill out an Institutional Limited Partners Association (ILPA) standard due diligence questionnaire and send it directly to the fund ([email protected]).In addition, managers’ presentations and regulation details should also be emailed to the fund directly by the deadline date. The subject of the e-mail must contain, in addition to the identification name of the bidding company, also the wording “Selection FIA Infrastructures 2019”.More information about the tender can be found here.last_img read more

United States hands out $23 million to boost marine energy

first_imgThe Energy Department of the United States has set up a $23 million funding call to support marine energy industry advancement in wave, tidal, ocean and river current technologies.The goal of this funding opportunity is to advance innovative technologies to reduce capital costs and shorten deployment timelines of marine energy devices.The Department of Energy’s (DOE’s) Office of Energy Efficiency and Renewable Energy (EERE) will fund research and evaluation of next-generation wave and tidal/current systems, support early-stage design of power take off (PTO) and controls integration, and allow for more efficient consideration of any potential environmental impacts from marine renewable energy development.Mark Menezes, US Undersecretary of Energy, said: “Marine energy is the newest frontier where we can unleash American innovation to produce more energy more affordably. Investing in early-stage research and development is critical to our America First energy and economic strategy to provide millions of Americans with domestic, clean, and reliable energy.”The research to be funded under this call will address fundamental scientific and engineering challenges of generating power from dynamic, low-velocity and high-density waves and currents, while surviving in corrosive ocean environments that are intensified by high costs and lengthy permitting processes.Reducing costs, accelerating technology development, and decreasing testing and development timelines of marine energy technologies can help realize the nation’s potential for future growth in marine energy resource extraction, according to DOE.last_img read more