Asian Infrastructure Investment Bank, the China-led multilateral development bank launched just over a year ago, called for “expressions of interest” from investment managers to be selected by AIIB to participate in a subsequent RFP process for active global fixed-income mandates.
An announcement on AIIB's website said investment managers “must satisfy at least two” of the following criteria:
- The manager must have at least $100 billion in fixed-income assets under management and a minimum 10-year track record.
- The manager's relevant strategy must have outperformed “on average” the J.P. Morgan Government Bond Index 1-3 Years (or similar index) over the past three and five years.
- The track record of the relevant strategy must have achieved an information ratio of at least 0.5 over the past three and five years.
- The manager must have fixed-income investment teams located in the U.S., Europe and Asia.
Application forms can be found on the AIIB website.
Interested managers should e-mail applications to [email protected] by 5 p.m., China Standard Time on Dec. 20. Inquiries should be addressed to Alexey Belov, senior treasury officer, at [email protected] no later than 5 p.m. China Standard Time on Dec. 13.
Neither Mr. Belov nor an AIIB spokesman could be reached immediately for details regarding the scale of the bank's planned active global fixed-income allocations or how many managers it is looking to hire.
