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Mandate roundup: IPE-Quest, Church of England, MSCI, Leonard Cheshire Disability, Punter Southall

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first_imgThe fund asks that capital protection be a priority, with performance secondary.The manager must also offer daily liquidity, as well as have a minimum track record of five years.Applicants should submit performance data, gross of fees, to the end of 2013.The deadline for submissions is 28 February.In other news, The Church of England and CCLA, the investment manager for charities, faith organisations and local authorities, have appointed MSCI ESG Research to provide global ethical screening.MSCI ESG Research will also provide ESG ratings and other services after the parties subscribed to a range of products including screening and impact monitoring.The Church’s investing arm and CCLA will also use MSCI’s ratings, which support the funds’ integration of ESG factors in its engagement and portfolio analysis.MSCI’s screening will exclude tobacco, adult entertainment, gambling, defence and weapons, with a bespoke service to screen out high-interest lending organisations.It will also identify companies involved in major controversies or ones that breach the UN Global Compact standards.Lastly, Leonard Cheshire Disability, a charity, has appointed Punter Southall to organise its pension arrangements for its 7,500 employees.The charity, which supports disabled people in the UK and abroad, will be served by Punter Southall’s DC consultant Jon Webster and actuary Mike Richardson. An undisclosed European industry-wide pension fund has tendered a $100m (€74m) cash mandate using IPE-Quest.Under search QN1386, the fund said it required its cash allocation to be euro denominated.Interested parties should have a minimum of £1bn (€1.2bn) in assets under management for the mandate and $10bn for the firm itself.The fund must be AAA/AA rated and “very risk averse”.last_img read more