Annualised Alpha Target:
Investment Process Characteristics:
- An actively managed portfolio that uses an unconstrained OR benchmark-aware investment process.
- This is an EMD local currency allocation, but you are allowed to optimize the risk-return characteristics of the portfolio using non-benchmark, hard currency & EM corporate exposure.
- Passive products will not be considered.
- Multi-manager products will not be considered.
- There is no tracking error limit versus our benchmark.
- Non-benchmark, hard currency and EM corporate exposure is permitted.
- Total allocation to hard currency bonds is limited to a maximum of 30% (hard knock-out constraint).
- Derivatives are allowed.
- Minimum 3 year live track record as of 31 Dec 2021.
- Shorter track records will be considered if supported by an equivalent product at a previous firm.
- We expect you to outperform our benchmark net of fees.
- You should provide your monthly performance data in USD (unhedged) against your benchmark.