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RFP: Absolute Return Strategy in Credit

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Stockholm (HedgeNordic) – A Danish institutional investor is currently seeking a manager with an absolute return strategy in the credit space, as indicated by a request for proposal on Global Fund Search. The anticipated allocation is €10 million, and the deadline for the request for proposal is April 12, 2024.

Search Criteria

  • Universe: Absolute return – Credit, preferably European-based exposure;
  • Objective: The strategy must have an annualized target return of at least the risk-free rate +4% net of all costs – including hedging cost to EUR, if non-EUR exposure – over a full macrocycle. The return stream must be non-correlated to listed credit markets over longer and shorter horizons;
  • Style: Long/short or long-only;
  • FoF/Multi-Strategy: No FoF solutions. Multi-strategy is accepted if it is within the credits space only;
  • ESG: SFDR Article 8 funds preferred.

Minimum requirements

  • UNPRI signatory.

Investment vehicle

  • The investment vehicle must be on-shore and can be either a UCITS or an AIF Fund;
  • Domicile: Luxembourg or Ireland;
  • The fund must have at least monthly liquidity and intra-month notice period;
  • The structure must be tax-opaque.

Process outline

  • Shortlisting during Q2 2024;
  • Implementation Q3/4 2024.

Performance data

  • Please submit performance data gross-of-fees and hedged to EUR;
  • If you submit a composite or single portfolio, please also provide the returns of the fund itself.

April 12, 2024 (Cut-off: Midnight CET, Expiry date inclusive).

To review the search and apply, asset managers need to register here (for free) on globalfundsearch.com

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Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

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Request for Proposal

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