Stockholm (HedgeNordic) – A Swiss private bank is seeking to allocate a minimum of €20 million to a fund specializing in global equities through a quantitative approach, along with an additional €20 million to a long-biased global equities fund incorporating options overlay. The deadline for the two separate requests for proposal (RPFs) is set for the end of May.

Search Criteria for Global Equity – Long Biased:

• Universe: Listed Global Equities, e.g. ACWI, World or similar
• Performance criteria (Hard restrictions):
  • ITD net excess return ≥ 2.5% p.a.
  • 3Y rolling excess return ≥ -1% p.a.
  • Tracking error ≤ 5% p.a.
• Style:
  • Quantitative Long biased (Hard restriction)
• Instrument allowed: Equities and equity derivatives

Search Criteria for Global Equity – Long Biased with Option Overlay:

• Universe: Listed Global Equities, e.g. ACWI, World or similar
• Performance criteria (Hard restrictions):
  • ITD net excess return ≥ 2.5% p.a.
  • 3Y rolling excess return ≥ -1% p.a.
  • Tracking error ≤ 5% p.a.
• Style:
  • Long biased with option overlay (Hard restriction)
• Instrument allowed: Equities and equity derivatives

Other criteria (Hard restrictions) – Applies to both RFPs:

• Company AUM: minimum $500M
• Strategy AUM: Minimum $50M (Composite)
• Track record minimum 3 years (Composite)
• No PM change within the past 3 years

Investment vehicle – Applies to both RFPs:

• The fund will be a sub-fund of an existing UCITS ICAV.
• Fund domicile/structure/Base currency is flexible, including off-shore vehicles. 

Process outline – Applies to both RFPs:

• Shortlisting during Q2
• Implementation Q3

Performance data – Applies to both RFPs:

• E.g. USD, EUR, CHF net of fees

Deadline – Applies to both RFPs:
May 29, 2024 (Cut-off: Midnight CET, Expiry date inclusive)

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