Mandate Profile:
- Client Type: German Foundation
- Initial Investment Volume: 40 m. EUR
- Investment Universe: US High Yield Bonds, Reverese Yankees and opportunistic exposure in investment grade rated bonds possible
- Investment Restrictions: Sustainability should be an integral part of the investment process. If a segregated mandate is offered, the portfolio should be in compliance with the client's custom ESG exclusion list (will be provided at a later stage). Short or Intermediate Duration strategies are eligible; Minimum rating acceptable is CCC-; Buying of CCC (or better) permitted
- Benchmark: e.g. ICE BofA US High Yield Constrained Index, Bloomberg US High Yield Bond Index or comparable
- Target Tracking Error: not restricted
- Currency Hedging: USD hedged
- Derivatives: allowed
- Investment Style: active, long-only
- Investment Vehicle: Segregated Mandate (German "Spezialfonds") preferred or Mutual Fund (UCITS)
Deadline: Friday, August 11th, 2023 (COB)
