Swiss pension fund looks to allocate more than €3bn to EMD, high yield

first_imgA Swiss pension fund is seeking options for up to CHF3.5bn (€3.1bn) in emerging market debt (EMD) and US high-yield strategies, according to new searches on IPE Quest.The unnamed investor has launched six separate searches, including active and passive approaches and exposure to both hard and local currency strategies.In all cases, managers pitching for the mandates should have at least a five-year track record in the asset class in question, but a 10-year track record is preferred.Performance should be stated gross of fees to 30 June 2019. The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation 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 jayna.vishram@ipe-quest.com.Search QN-2548: Hard currency emerging market debt, actively managedThe pension fund is looking to allocate CHF300-400m to actively managed, hard-currency EMD. It currently has CHF700m invested in the asset class split between two active mandates.The benchmark for the segregated mandate is the JP Morgan EMBI Global Diversified index, as priced in Swiss francs.Managers interested in the mandate must have at least CHF5bn under management in the asset class and at least CHF10bn across the whole company. The maximum tracking error for the mandate is 2%.Those pitching for the allocation should have at least a five-year track record, but 10 years is preferred, the investor said. Managers should state performance gross of fees to 30 July 2019.Deadline: 5pm UK time, 30 July 2019Search QN-2549: Hard currency emerging market debt, passively managedThe passive allocation to hard-currency EMD could range between CHF300-700m, according to the search criteria. The benchmark is the same as for the actively managed search.Managers should have at least CHF10bn in the asset class and CHF20bn firm-wide. Maximum tracking error is 0.5%.Deadline: 5pm UK time, 30 July 2019Search QN-2550: Local currency emerging market debt, actively managedFor the actively managed local currency mandate, the pension fund is considering allocating CHF250-350m. It currently has an allocation of CHF280m.The strategy will be benchmarked against the JP Morgan GBI-EM Global Diversified index, priced in Swiss francs.Managers interested in the mandate must have at least CHF5bn under management in the asset class and at least CHF10bn across the whole company. The maximum tracking error for the mandate is 2%.Deadline: 5pm UK time, 31 July 2019Search QN-2551: Local currency emerging market debt, passively managedThe passive strategy’s allocation could also range between CHF250-350m, and will be benchmarked to the same index as the active allocation.The investor is open to passive or “passive enhanced” strategies. Managers should have at least CHF10bn in the asset class and CHF20bn firm-wide. Maximum tracking error is 0.5%.Managers should have at least CHF10bn in the strategy already, and at least CHF20bn across the company.Deadline: 5pm UK time, 31 July 2019Search QN-2552: US high-yield bonds, actively managedThe pension fund is considering options for a CHF500-600m allocation to an actively managed US high-yield bonds strategy. It currently has a CHF1bn allocation to the asset class, split between two mandates.The mandate will be benchmarked against the ICE BoAML US High Yield Master II index, with a maximum tracking error of 2%.Managers interested in the mandate must have at least CHF10bn under management in the asset class and at least CHF25bn across the whole company.Deadline: 5pm UK time, 29 July 2019Search QN-2553: US high-yield bonds, passively managedThe passive option will cover CHF500-1,100m of assets, according to the search criteria, with passive or passive enhanced strategies acceptable.The mandate will be benchmarked to the same ICE BoAML index as the active mandate, with a maximum tracking error of 0.5%.Managers should have at least CHF20bn in the strategy already, and at least CHF50bn across the company.Deadline: 5pm UK time, 29 July 2019last_img read more

What time does ‘Hard Knocks’ air today? How to watch, live stream Episode 2

first_imgIn the time since that episode aired, it’s come to light that Brown is healing frostbitten feet from a cryotherapy experience gone wrong. That in itself was enough to pique interest for Episode 2, but the eccentric wideout upped the ante when it was reported that he is now holding out of camp activities because the NFL has mandated that he update his helmet — something which could make for riveting television should the team address the situation. MORE: 5 details from Antonio Brown’s helmet fuss that cement his bizarre reputationThe development of first-round pick Johnathan Abram and his relationship with coaches and teammates is also something to monitor after Episode 1 painted Abram as a heel-like character who plays far too physical at practice and is unafraid to verbally challenge coach Jon Gruden.Since the season premiere, the Raiders defeated the Rams 14-3 in Week 1 of the preseason and are gearing up for a date with Arizona on Thursday.What time does ‘Hard Knocks’ air today?Date: Tuesday, Aug. 13Time: 10 p.m. ETTV channel: HBOEpisode 2 of “Hard Knocks” releases Tuesday, Aug. 13. at 10 p.m. ET on HBO. New episodes roll out once a week every Tuesday night during NFL training camp and preseason. How to watch, live stream Episode 2 on HBOAlong with it airing live on HBO, the show is available to stream on HBO GO and HBO NOW. Just when you thought the Raiders may not be that interesting of a watch for this season of “Hard Knocks,” the television gods gifted HBO with Antonio Brown.The new wide receiver who forced his way out of Pittsburgh this offseason flew onto the Raider scene by way of hot air balloon in Episode 1 of “Hard Knocks” but didn’t take any practice reps with his teammates as he nursed sore feet, the cause of which went without mention during the season premiere. MORE: ‘Hard Knocks’ Episode 1 in review’Hard Knocks’ schedule: When is Episode 3?This season of “Hard Knocks” consists of five one-hour episodes released each Tuesday during the Raiders’ training camp and preseason.The next episode is Tuesday, Aug. 20.EpisodeAir dateChannel/StreamEpisode 1Aug. 6, 10 p.m. ETHBO, HBO GO, HBO NOWEpisode 2Aug. 13, 10 p.m. ETHBO, HBO GO, HBO NOWEpisode 3Aug. 20, 10 p.m. ETHBO, HBO GO, HBO NOWEpisode 4Aug. 27, 10 p.m. ETHBO, HBO GO, HBO NOWEpisode 5Sep. 3, 10 p.m. ETHBO, HBO GO, HBO NOWlast_img read more