Australian institution tenders global mandates [amended]

first_imgApplicants should manage at least AUD500m in the respective asset class and have a track record of two years, although three would be preferred.Interested parties should state performance, gross of fees, to the end of March.The deadline for applications is 31 May.The IPE news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email [email protected] An undisclosed institutional investor based in Australia has tendered two global mandates, each worth AUD60m (€38.6m), using IPE Quest.One is a diversified growth/multi-strategy mandate, the other an absolute-return bond mandate. According to searches QN-2186 and QN-2187, the client is looking for either pooled or segregated accounts.The benchmark is cash plus 5% for the diversified growth/multi-strategy mandate and cash plus 2-3% for the bond mandate, but, in each case, the benchmark will vary “depending on where the product is based”.last_img read more

UK’s Boris Johnson hospitalized over virus symptoms

first_imgLONDON – British Prime Minister BorisJohnson was admitted to a hospital Sunday for tests, his office said, becausehe is still suffering symptoms, 10 days after he was diagnosed with COVID-19. British Prime Minister Boris Johnson’s office says he is being admitted for tests because he still has symptoms 10 days after testing positive for the virus. AP Johnson’s office said the admission toan undisclosed London hospital came on the advice of his doctor and was not anemergency. The prime minister’s Downing St. office said it was a “precautionarystep” and Johnson remains in charge of the government. Johnson, 55, has been quarantined in hisDowning St. residence since being diagnosed with COVID-19 on March 26 — thefirst known head of government to fall ill with the virus. Johnson has continued to preside atdaily meetings on Britain’s response to the outbreak and has released severalvideo messages during his 10 days in isolation. (AP)last_img read more