Bespoke Solution – BES0949
Deadline: Tuesday 16th August 2022
A Cyprus based consultant is running this search in CAMRADATA on behalf of their end client that is a non-profit organisation based in Hungary.
All funds being proposed must be listed in CAMRADATA Live and returns must be up to date i.e. to 30th June 2022.
Please note: WE NO LONGER ACCEPT QUESTIONS OVER EMAIL. Please post any questions regarding this search onto the CAMRADATA Live ‘Assisted Searches Forum’ and we will endeavour to answer these as quickly as possible. Assisted searches are run on behalf of institutional investors with specific search requirements.
| Deadline | Tuesday 16th August 2022 | |
| Asset Class | This search is to be allocated to one asset manager that can offer all 3 of these solutions in one mandate – US Aggregate Investment Grade bonds (40-45%) / US High Yield (10-20%) / Global equities (40-45%) as 3 separate categories. Ranges are indicative and may change. | |
| Benchmark | Ideally -Bloomberg US Aggregate Total Return Index / Bloomberg US Corporate High Yield Total Return Index / MSCI AC World Total Return Index however there is flexibility with this aspect. | |
| Management Approach | Active | |
| Structure | Discretionary mandate implemented through pooled vehicles (institutional share classes). The appointed asset manager will have responsibility for the asset allocation decision between the 3 categories within the permissible ranges that will be stipulated in the IMA. Total portfolio performance will be evaluated using the composite benchmark as described below in the performance targets. UCITS preferred but not a hard requirement. | |
| Performance Target | Composite benchmark consisting of the indices listed above (weights to be confirmed but majority will be in US Aggregate and Global Equities) | |
| Size of Mandate | $10-15m across all 3 categories | |
| Track record across all 3 strategies | At least 5 years | |
| FIRM AUM required as a minimum | $500 m | |
| Other requirements | Dollar denominated portfolio (equity part will be unhedged) | |
| Please provide the fees you would charge for this mandate as a separate attachment. To submit a fund please email us at assistedsearches@camradata.com |