Global Emerging Markets High Conviction Equities

Description

The object of the tender is to select an Investment Manager to manage LD Pensions’ assets within global emerging markets high conviction equities. The investment approach must be long term, fundamental stock picking based on a deep understanding of companies in the portfolio and the investment universe, and their environments, including macroeconomic and political environment. The intention is to generate alpha, adjusted for academically tested factors such as value, size, momentum, low-volatility and quality. The mandate is long only. The size of the mandate covered by this contract notice is indicative due to LD Pensions’ inability to determine the volume in advance. The value of the contract is therefore LD Pensions’ best estimate. Lot 1: LD Pensions is selecting one Investment Manager to provide investment management services for the following mandate: Global Emerging Markets High Conviction Equities (expected size DKK 750 million, approx. EUR 100 million). The size of the mandate is indicative due to LD Pensions’ inability to determine the volume in advance. It is important that the Product has available capacity of minimum EUR 150 million at the time of signing the Agreement. The mandate is a segregated account, long-only, and the investment approach is active fundamental stock selection, with a long investment horizon. The objective is to generate robust alpha, adjusted for academically tested factors such as value, size, momentum, low-volatility and quality, by investing in listed global emerging markets equities. The portfolio is concentrated, and consist of equities of all sizes, relatively beta-neutral, with no extreme biases to e.g. momentum, deep value, small cap, high growth or low volatility. ESG should be fully integrated in the investment process, and LD Pensions’ exclusion list must be incorporated in the investment restrictions. A detailed description of the characteristics of the mandate can be found in the Investment Guidelines (Schedule 1 of the Agreement). Both mandatory and voluntary grounds for exclusion apply in this tender procedure. Each Applicant must provide exactly one Reference. If more than one Reference is included, LD Pensions will only consider the first Reference of the Application. Please note that one Applicant can submit only one Application for prequalification, and once prequalified, Tenderers can submit only one tender.