Interested parties should have at least €500m in assets under management, €200m of which should be in small-cap equities. They do not need to have a track record, although 1-3 years is desirable.Nor is there a minimum or maximum tracking error for either mandate, according to the searches.Performance should be stated to 31 December, gross of fees.Both tenders have a deadline of 29 January.The IPE news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email [email protected] Two €50m Asia small-cap equity mandates have been tendered using IPE Quest, one exclusively for Japan and one for the rest of the region. In both cases, a local bottom-up research approach is preferred.According to searches QN-2146 and QN-2147, the investment process should be fundamental long term. The benchmarks for the respective mandates are the MSCI Japan Small Cap Index and the MSCI AC Asia ex Japan Small Cap Index.