Stockholm (HedgeNordic) – A Nordic family office is seeking a global equity unconstrained long-only manager to manage an allocation of €20 to €60 million, according to a request for proposal on Global Fund Search. The family office favors an active, stock-picking approach, with a preference for managers running concentrated, high-conviction portfolios.

Search Criteria

• Universe:
  • Off-benchmark holdings allowed (no specific limit).
  • Global listed equities, Developed Markets or Developed + Emerging.
  • Benchmark: MSCI World or MSCI ACWI
• Objective
  • To outperform the benchmark by more than 300 bps p.a.
• Investment approach
  • Active Long-only Stock-picking focus
  • Concentrated/High-Conviction (Portfolio size, e.g. 20-40 Shares.)
  • Unconstrained
  • Tracking Error in the 3 -10 range
  • Cash Position can vary, but the target should be to be fully invested.
  • No leverage.
• ESG
  • SFDR Article 8 preferred but not mandatory
  • UNPRI Signatory
  • Sustainability integrated into the investment process

Minimum requirements

• Minimum track: 3 years (Composite or fund level)
• Minimum Strategy AUM: €500 Million (Soft requirement)
• Low PM-turnover

Investment vehicle

• Existing daily liquidity vehicle is preferred (Up to monthly liquidity is possible)
• A fund vehicle (e.g. UCITS or similar)
• Domicile: No preference, European, US etc., are accepted
• Unhedged share class

Performance data

• EUR gross of fees to the platform (Gross and Net as an appendix, see Q3)
• Track record must be from the actual strategy, with no adjustments or carve-outs
• If the proposed fund has a short track record, please submit the composite to the platform and the fund track record itself in Q3

Indicative Timeline 

• Shortlisting Q2
• Selection Q3

Deadline
February 14th 2025 (Cut-off: Midnight CET, Expiry date inclusive)

To review the search and apply, asset managers need to register here on globalfundsearch.com and locate the RFP with ID: WGG2F.