The investor is inviting managers that offer an active core strategy to apply via the
QN-2698 search.
“We are not interested in seeing performance for a carve out of a broader strategy (e.g. the high yield part of a blended investment grade/high yield EM product),” the fund said.
If no pure EM corporate high yield strategy is available, the participating managers can reply with information and performance for a blended investment grade/high yield EM corporate strategy instead, it added.
Participating managers should provide data for both a blended EM corporate strategy and a pure EM corporate high yield strategy if deemed relevant – in particular if performance history for the high yield strategy is less than five years, the tender document stated.