Key Takeaways
- • A France-based investor is seeking a manager for a U.S.-focused equity long/short strategy with an expected allocation of €10 million, according to a request for proposal published on Global Fund Search.
- • The mandate requires a UCITS fund with net exposure between -20% and +50%, gross exposure below 200%, and annualised volatility below 10% over five years and below the S&P 500.
- • Eligible managers must have a fund AUM of at least €100 million, with the ticket not exceeding 10% of fund AUM, and a preferred 10-year strategy track record (5-7 years also accepted).
- • Both fundamental bottom-up and quantitative/systematic approaches are considered, with EUR-hedged share classes and registration for marketing in France required.
- • The submission deadline is November 17, 2026 (midnight CET), with research in Q4 2026 and expected investment by end-2026 or early 2027.
Summary
A France-based investor is looking to allocate €10 million to a U.S.-focused equity long/short strategy, according to a request for proposal (RFP) published on Global Fund Search and reported by HedgeNordic. The mandate is open to managers running either fundamental, bottom-up stock-picking strategies or quantitative/systematic approaches.
The investor's search criteria set several hard limits. Net exposure must fall between -20% and +50%, and gross exposure must remain below 200%. Annualised volatility must be below 10% over the last five years and below that of the S&P 500. The vehicle must be a UCITS fund offering daily dealing with settlement of T+3 at most, and an EUR-hedged share class must be available. The fund must also be registered for marketing in France.
On participation requirements, the investor prefers a 10-year track record in the strategy, though the UCITS vehicle itself may have a shorter history; a 5-7 year track record is also accepted. Managers must run a minimum fund AUM of €100 million, and the ticket should not exceed 10% of fund AUM. The investor has also requested beta and correlation to the S&P 500, as well as maximum drawdown figures. Performance data should be presented gross in USD.
The process timeline calls for a research phase in Q4 2026 with an expected investment by the end of 2026 or early 2027. Asset managers must register on globalfundsearch.com and locate the respective RFP before the November 17, 2026 cut-off at midnight CET.
The investor's search criteria set several hard limits. Net exposure must fall between -20% and +50%, and gross exposure must remain below 200%. Annualised volatility must be below 10% over the last five years and below that of the S&P 500. The vehicle must be a UCITS fund offering daily dealing with settlement of T+3 at most, and an EUR-hedged share class must be available. The fund must also be registered for marketing in France.
On participation requirements, the investor prefers a 10-year track record in the strategy, though the UCITS vehicle itself may have a shorter history; a 5-7 year track record is also accepted. Managers must run a minimum fund AUM of €100 million, and the ticket should not exceed 10% of fund AUM. The investor has also requested beta and correlation to the S&P 500, as well as maximum drawdown figures. Performance data should be presented gross in USD.
The process timeline calls for a research phase in Q4 2026 with an expected investment by the end of 2026 or early 2027. Asset managers must register on globalfundsearch.com and locate the respective RFP before the November 17, 2026 cut-off at midnight CET.
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