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Asia Equities

Investment Management RFP
Review the Search Specification & Participate

Search Specification

Indicative Investment:

USD 130 Million

Status:

Overdue - Expected 11 Nov

Investor:

German Pension Fund

Benchmark:

MSCI AC Asia ex Japan NR USD

Tracking Error:

2.5 - 12.5

Annualised Alpha Target:

150 basis points p.a.

Investment Process Characteristics:

- Active investment style.

- Blend or Growth manager.

- Combine top-down country & sector decisions with fundamental, bottom-up, stock-picking.

- Active share greater than 50% (soft minimum).

Portfolio Characteristics:

Your portfolio should be flexible and adapt to the changing risks and opportunities in Asia.
Main indicative investment guidelines (to be agreed with selected manager):
- Cash limit: (open to discussion).
- Benchmark investments: (up to 100%)
- Off-benchmark Asian* companies listed in countries covered by our benchmark are allowed (no individual limit).
- Off-benchmark Asian* companies listed in countries not covered by our benchmark are allowed (no individual limit).
- Off-benchmark investments in companies listed in Australia and New Zealand are allowed (no individual limit).
- Total off-benchmark exposure: (30% soft maximum - open to discussion).
- Country and Sector deviations from our benchmark are allowed (no individual limit).

*We define Asian companies as companies that are either:
1) Headquartered in a country within our benchmark, irrespective of their country of listing.
Or,
2) Headquartered in a country outside of our benchmark, who derive >66% (open to discussion) of their total revenues from countries within our benchmark.

Performance Characteristics:

- 3 year track record as of 30 June 2022 (hard minimum).
- Be attributable to a clear, consistent process run by a stable team.
- Minimize under-performance, and maximize out-performance of our benchmark in both up and down markets, by using tracking error effectively.

- Periods of extreme or sustained under-performance must have a credible explanation, and be compensated by evidence of subsequent out-performance.

- You expect your process to deliver a long term average 3 year rolling IR above 0.3.

Firm AuM (Hard Minimum):

USD 1 billion

Asset Class AuM (Hard Minimum):

USD 1 billion

Product AuM (Hard Minimum):

N/A

Investment Vehicle:

Separately Managed Account or Mutual Fund (Soft minimum fund size $1000mn).