A German pension scheme has issued three tenders, each worth €100m, through IPE Quest.According to search QN-2594, the institution is seeking to hire a fund manager to run an all-cap global emerging markets equity mandate. The benchmark and investment universe to be followed is the MSCI Emerging Markets.There is also an all-cap pan-European mandate (search QN-2595) that will follow the Stoxx Europe 600 as investment universe and benchmark.Another tender (search QN-2596) for all-cap US equity will use the Russell 3000 as investment universe and the S&P500 as benchmark. The pension fund is seeking to adopt a defensive equity approach, so all three mandates are to be managed through active low beta and high quality strategies, the notices said.Applicants should have a minimum track record of three years, and, when applying, they should state performance net of fees to 31 January. These requirements relate to all three mandates.The deadline for all three tenders is 2 March 5pm UK time. All three strategies are expected to be funded around summer 2020.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 firstname.lastname@example.org.
Union Environment Minister Jairam Ramesh has criticised the organisers of the Commonwealth Games (CWG) and said that the poor state of preparedness has dented India’s image severely. Jairman, who is in New York along with External Affairs Minister S.M. Krishna for the United Nations General Assembly session, hoped that the CWG controversy would end soon. “It is pretty depressing to read such things in the international media. India’s image has taken a beating,” Jairman told Headlines Today. “I hope we come out of this soon.” “We are among the fastest growing economies. We could have done without this embarrassment,” he said. Krishna, on the other hand, said he would do all he could to reassure leaders of Commonwealth nations about the CWG.”If there are any misgivings, we will certainly try to set it right,” Krishna said.
Moments after being appointed the vice president of the International Cricket Council (ICC ), AHM Mustafa Kamal on Tuesday made it clear that eradicating corruption in the gentleman’s game was one of his main aims in the near future.Initially, Kamal was set to be appointed during ICC’s Annual General Meeting in Kuala Lumpur in June, but his nomination was delayed and only the position of ICC president was filled, with Alan Isaac taking over from Sharad Pawar.In the wake of the recent controversy, where an Indian channel has exposed umpires’ willingness to fix games and pass vital information to bookies in exchange for money, Kamal said that no stone would be left unturned to ensure the game is not only played in the true spirit, but also adjudicated in an impartial manner. Speaking to Mail Today from Colombo, Kamal said: “The ICC maintains a zero-tolerance policy against corruption and now, with startling revelations about umpires too being involved in fixing, the noose has to be tightened further to ensure there is no scope to even think about crossing the line of fair play.”The ACSU (Anti-Corruption and Security Unit) of the ICC has been doing its best to ensure that fixing is wiped out from the system and every person involved with the game has been given strict instructions about what amounts to dishonesty and bringing the game to disrepute. I will personally join hands with them to ensure a corruption-free game.”Kamal further felt that if the umpires – often considered the ultimate authority on the field – have indeed stooped down to bribery and corruption, things will only get more difficult. He believes this needs to be nipped in the bud.”Players are sometimes lured because they are young and wish to live a flamboyant life way beyond their names. But if umpires too go that way, the situation worsens further. If the guardians of the game themselves falter, it sets a very negative example for the others. But first we need to investigate and see if they are guilty,” he said. Coming to his own appointment, Kamal said that it is a huge day not only for him, but also for Bangladesh cricket. “I am overwhelmed at being considered fit to hold such an important position. I feel this is not only an honour for me, but also Bangladesh cricket and the people of our country. It shows that we are taken just as seriously as the other top nations playing the game. I wish to bring repute to the nation through this appointment,” he said. Kamal also said that the Bangladesh Cricket Board (BCB) is looking to finalise a fullfledged tour of India next year. Although India participated in the first Test Bangladesh ever played, the eastern neighbour has never toured India.”The BCB is in talks with its Indian counterpart to ensure that Bangladesh plays in India next year. We feel that Bangladesh has come to a level where they can provide enough of a fight to tough opponents like India. When Bangladesh held its maiden Test in Dhaka against India, it was more a case of making the game more popular in our country and also to earn revenue. But now it’s strictly a cricketing decision and we are looking to finalise things on Wednesday,” said the man who will now need to vacate his position as BCB president.advertisement