Denmark-based investment consultancy Kirstein Finans is searching for a global, multi-strategy fund of hedge funds manager on behalf of a number of Danish institutional investors.
The mandate size is EUR25-30 million and can potentially increase due to a rise in the number of investors, according to Kirstein Finans.
The guidelines for the mandate are: the fund of funds must meet a benchmark of LIBOR +3%; the fund of funds manager must invest in a universe of hedge fund strategies on a global basis; and the manager’s standard deviation (p.a.) should not exceed 10% over time.
The deadline for the search is Jan. 24.