Awarding of a portfolio management mandate

Description

The purpose of this tender is the provision of portfolio management services on behalf of FDC. More precisely, the tender is related to the awarding of a global sustainable unlisted infrastructure mandate. FDC is looking for an active mandate outperforming its benchmark. In addition, the objective of the mandate is to make unlisted infrastructure investments primarily in clean energy and related sectors, as well as unlisted infrastructure investments in other sectors determined to be sustainable and environmentally friendly. The term of the mandate shall be 3 consecutive years with the possibility of renewal from year to year. The maximum duration of the mandate shall be 10 years. Proposals will be selected on the basis of the economically most advantageous proposal. The detailed selection and evaluation criteria of proposals, the main stages of this tender as well as any other terms and conditions relating to this tender are specified in the Tendering Procedure and Guidelines. Lot 1: The purpose of this tender is the provision of portfolio management services on behalf of Fonds de compensation commun au régime général de pension (FDC), which set up an umbrella investment company with variable capital – specialised investment fund in 2007 (in accordance with the amended law of 13 February 2007 on specialised investment funds). More precisely, the tender is related to the awarding of one (1) global sustainable unlisted infrastructure mandate. FDC is looking for an active mandate outperforming the benchmark associated to the given mandate. In addition, the objective of the mandate is to make unlisted infrastructure investments primarily in clean energy and related sectors, as well as unlisted infrastructure investments in other sectors determined to be sustainable and environmentally friendly. Regardless the investment strategy offered, the proposal must always comply with the investment guidelines as stated in the Issue Document as well as with the terms and conditions of the Investment Management Agreement being part of the tender documents as Appendices 6 and 7. The amount of assets of the mandate is indicative only and may vary during the execution of the mandate. The term of the mandate shall be three (3) consecutive years with the possibility of renewal from year to year except in the event of early termination by FDC or the awarded tenderer by means of a three months’ notice. The maximum duration of the mandate shall be ten (10) years. Proposals will be selected on the basis of the economically most advantageous proposal. The detailed selection and evaluation criteria of proposals, the main stages of this tender as well as any other terms and conditions relating to this tender are specified in the Tendering Procedure and Guidelines, which can be downloaded from the public procurement portal (www.marches-publics.lu). FDC may also assign one stand-by mandate. The definition and characteristics of a stand-by mandate are set out in section 2.5 of the Tendering Procedure and Guidelines.