Mandate Profile:
- Client Type: German Pension Scheme
- Initial Investment Volume: approx. 263 m. EUR
- Investment Universe: Global Corporate Bonds (focus on Investment Grade but opportunistic exposure in High Yield bonds eligible), Non-Corporate Bonds Investment Grade (e.g. Supranationals) allowed. Allocation into Emerging Market Corporate Bonds possible.
- Investment Restrictions: ESG should be an integral part of the investment process. The portfolio needs to be managed in accordance with client-specific ESG guidelines, details of which are only disclosed to long list candidates at a consecutive stage of the selection process; opportunistic non investment grade exposure up to 10%; Minimum Rating at least B-; the client might choose to split the investment volume between two complementary managers in terms of investment approach.
- Benchmark: e.g. Bloomberg Global Aggregate Corporate Index
- Target Tracking Error: not restricted
- Currency Hedging: hedged
- Derivatives: allowed
- Investment Style: active, long-only
- Investment Vehicle: Segregated Account (German “Spezialfonds”)
Deadline: Friday, March 3rd, 2023 (COB)
