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.
