Key Takeaways
- • A Nordic institutional investor has issued a request for proposal on Global Fund Search seeking a diversified multi-strategy fund, with an initial allocation of $40 million in the first year.
- • The investor plans to increase its allocation by 20 percent annually and expects annual net returns of 7-10 percent, in line with or above global equity return expectations.
- • The mandate prefers a UCITS structure or similar vehicle open to retail and professional investors, a clean share class without inducements, and daily liquidity.
- • Eligible managers must run a fund or strategy with at least $150 million in AUM, preferably with a track record of five years or more, and show returns and correlation versus MSCI ACWI.
- • The RFP deadline is December 2, 2026, with shortlisting planned for Q1 2027 and allocation in Q1/Q2 2027.
Summary
A Nordic institutional investor is searching for a diversified multi-strategy fund, according to a request for proposal (RFP) published on Global Fund Search and reported by HedgeNordic. The investor plans an initial allocation of $40 million in the first year and intends to increase its investment by 20 percent annually.
The investor is seeking a vehicle with broad diversification across multiple strategies and asset classes, which may include equity long/short, relative value, global macro, credit, event-driven and quantitative approaches. The fund may be discretionary, systematic or a blend of both. The stated objective is low correlation to global equities combined with sound risk and portfolio management. The investor expects annual net returns of 7-10 percent, in line with or above global equity return expectations, and does not require a benchmark.
On track record, the RFP asks for returns in line with or above global equities, such as MSCI ACWI, over the measured period, with an example stating that if global equities returned 15 percent, the fund should have returned 15-20 percent net of fees. Managers should preferably have five years or more of history at the strategy or fund level, and the fund or strategy must have at least $150 million in AUM. Performance data should be presented in USD, net of fees, with correlation versus global equities for the same period. The investor also asks that the team not be overly driven by any house view.
On structure, a UCITS vehicle is preferred, or a similar structure that can be offered to all investors, retail and professional alike. The share class must be clean, meaning no retrocessions or kick-backs, and liquidity must be daily. Asset managers must register on globalfundsearch.com to review and apply. The deadline is December 2, 2026 at midnight CET, with shortlisting planned for Q1 2027 and allocation in Q1/Q2 2027.
The investor is seeking a vehicle with broad diversification across multiple strategies and asset classes, which may include equity long/short, relative value, global macro, credit, event-driven and quantitative approaches. The fund may be discretionary, systematic or a blend of both. The stated objective is low correlation to global equities combined with sound risk and portfolio management. The investor expects annual net returns of 7-10 percent, in line with or above global equity return expectations, and does not require a benchmark.
On track record, the RFP asks for returns in line with or above global equities, such as MSCI ACWI, over the measured period, with an example stating that if global equities returned 15 percent, the fund should have returned 15-20 percent net of fees. Managers should preferably have five years or more of history at the strategy or fund level, and the fund or strategy must have at least $150 million in AUM. Performance data should be presented in USD, net of fees, with correlation versus global equities for the same period. The investor also asks that the team not be overly driven by any house view.
On structure, a UCITS vehicle is preferred, or a similar structure that can be offered to all investors, retail and professional alike. The share class must be clean, meaning no retrocessions or kick-backs, and liquidity must be daily. Asset managers must register on globalfundsearch.com to review and apply. The deadline is December 2, 2026 at midnight CET, with shortlisting planned for Q1 2027 and allocation in Q1/Q2 2027.
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