LD Pensions’ Tender for an Agreement Concerning High Grade European Asset Backed Securities
Expired
The competition has expired without a winner being announced.
- Deadline
- Mar 10, 2021Expired
- Procedure
- OpenSingle stage
Brief
The object of the tender is to select an investment manager to manage LD Pensions’ assets within High Grade European Asset Backed Securities. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD. A more detailed description of the characteristics of the mandate can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreements). The size of the mandate covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance. The value of the contracts is therefore LD Pensions’ best estimate.
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Qualification requirements
Description
The tenderer is eligible to provide investment management services within the EU.
Documentation Requirement
The tenderer is eligible to provide investment management services within the EU.
Source
No source found in the documents. Check the requirement against the tender documents.
Description
The tenderer has experience with providing the necessary documentation and other due diligence materials required to enable LD Pensions to carry out its regulatory responsibilities as set out in Regulation (EU) 2017/2402 with respect to securitization positions.
Documentation Requirement
The tender can document its technical and professional ability by filling out Appendix 5a Questionnaire.
Source
No source found in the documents. Check the requirement against the tender documents.
Description
The tenderer has experience managing standalone investment grade ABS mandates. The required experience can have been obtained through one mandate that fulfills both requirements below or through two separate mandates that combined fulfills both requirements below.
Documentation Requirement
The tender can document its technical and professional ability by filling out Appendix 5a Questionnaire.
Source
No source found in the documents. Check the requirement against the tender documents.
Description
The tenderer has at least one mandate with an inception date prior to 1 January 2015 and the mandate has AuM of at least EUR 500 million equivalent as at 31 December 2020, where (1) the historical sector allocation of the mandate has been consistently diversified across a wide range of structured credit assets, specifically: RMBS, CLO and ABS — with ABS defined as credit card receivables, autos, consumer loans and (2) the geographic allocation of the mandate has been at least 70 % invested in EU and UK issuance.
Documentation Requirement
The tender can document its technical and professional ability by filling out Appendix 5a Questionnaire.
Source
No source found in the documents. Check the requirement against the tender documents.
Description
The tenderer is managing at least one standalone structured credit mandate in which all assets comply with EU risk retention requirements for at least one calendar year for the period 1 January 2019 to 31 December 2020.
Documentation Requirement
The tender can document its technical and professional ability by filling out Appendix 5a Questionnaire.
Source
No source found in the documents. Check the requirement against the tender documents.
Description
The tenderer has a dedicated structured credit team (portfolio management and credit research analysts) with a minimum size of 6 persons as at 31 December 2020, and at least one member of the team has a track record of managing structured credit mandates prior to 1 January 2008.
Documentation Requirement
The tender can document its technical and professional ability by filling out Appendix 5a Questionnaire.
Source
No source found in the documents. Check the requirement against the tender documents.
Previous winners
Who are you up against?
The suppliers who have won similar contracts at Lønmodtagernes Dyrtidsfond
From the notice
The object of the tender is to select an investment manager to manage LD Pensions’ assets within High Grade European Asset Backed Securities. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD. A more detailed description of the characteristics of the mandate can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreements). The size of the mandate covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance. The value of the contracts is therefore LD Pensions’ best estimate.
Contact
Claus Buchwald ChristjansenInvesteringsafdeling@ld.dk- CompetitionType
- 66140000Main codePortfolio management services