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    Management of Corporate European investment grade bonds

    Danmarks Grundforskningsfond

    Management of Corporate European investment grade bonds

    1. Competition notice published

      May 1, 2024 11:00 AMMay 1, 2024 11:00 AM

    2. Contract signed

      Nov 20, 2024 12:00 AMNovember 20, 2024 12:00 AM

    3. Result notice published

      Dec 5, 2024 1:34 PMDecember 5, 2024 1:34 PM

    Brief

    Denmark: Tenders/Danmarks Grundforskningsfond/Management of Corporate European investment grade bonds

    Awarded

    The competition has ended and a winner has been selected.

    Deadline
    Dec 4, 2024Expired
    Award
    Price 20% and 5 more
    Procedure
    OpenSingle stage
    Agreement
    Buying services
    Estimated value
    DKK 4Mover 5 years

    Brief

    Short description: The task consist of management of an active Corporate European investment grade bond portolio, respecting resposible investment criteria (ESG and Paris agreement), and reporting. The Danish National Research Foundation expects to initially invest DKK 450 million, approximately EUR 60 million. The term of the contract is expected to be five (5) years.

    Bank- og finansformidlingstjenester

    Result

    TED
    • Nordea Asset Management
      Winner
    • Number of bids
      11
    • Contract value
      DKK 450,000,000

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    Award Criteria

    • Description

      A strategy complying with the foundation’s responsible investment policy is considered positive. Furthermore, integrating responsible investments considerations rigorously into the investment process and portfolio construction is considered a positive attribute. Additionally, engaging with companies and urging companies to comply with the responsible investment policy on topics where compliance is lacking is viewed favorably.

      Source

      No source found in the documents. Check the weight against the tender documents.

    • Description

      The evaluation of the price criterion adheres to the specified evaluation model outlined in the tender conditions. The price evaluation involves a weighted assessment for portfolios of DKK 450 and 600 million, with each scenario carrying a 50% weight. The comparison will be based on the weighted cost percentage for these two scenarios. Costs are measured as the portfolio management fee, including any applicable additional fees (note that custody fees are excluded and hence not considered part of the evaluation).

      Source

      No source found in the documents. Check the weight against the tender documents.

    • Description

      A stable and skilled investment team that has access to the necessary resources and allocates a large part of their time to European investment grade strategies will be considered positive. Furthermore, an independent compliance team using professional and sound risk measurement methods will be assessed positively. An asset manager that focuses on active portfolio management and maintains a realistic limit for the assets under management for the strategy is considered positive.

      Source

      No source found in the documents. Check the weight against the tender documents.

    • Description

      A stable investment process and a logically constructed portfolio, will be considered positive. An investment strategy that can comply with the investment requirements (as stipulated in the tender conditions) and has the potential to generate excess returns within those requirements will also be viewed positively.

      Source

      No source found in the documents. Check the weight against the tender documents.

    • Description

      The foundation will calculate market-compliant performance and risk ratios based on the historical data of the strategy provided (return and duration). A strategy demonstrating consistently high and stable risk-adjusted excess returns will be assessed positively. Furthermore, a long track record exhibiting consecutive periods of excess performance primarily attributable to security selection will be considered a positive factor.

      Source

      No source found in the documents. Check the weight against the tender documents.

    • Description

      Positive assessment is given when the required and optional reports, can be delivered satisfactorily and align with the contracting authority's reporting preferences.

      Source

      No source found in the documents. Check the weight against the tender documents.

    • Description

      It is weighed positively if there are no, small or few reservations to the contract. Any reservation will be priced; if it is not possible to price a reservation, it may force the contracting authority to reject the tender as non-compliant.

      Source

      No source found in the documents. Check the weight against the tender documents.

    Previous winners

    • Who are you up against?

      The suppliers who have won similar contracts at Danmarks Grundforskningsfond

    From the notice

    • Short description: The task consist of management of an active Corporate European investment grade bond portolio, respecting resposible investment criteria (ESG and Paris agreement), and reporting. The Danish National Research Foundation expects to initially invest DKK 450 million, approximately EUR 60 million. The term of the contract is expected to be five (5) years.

    • Contact

      DG - Steen Marcussm@dg.dk
    • Type
      Result
    • Main code
      Portfolio management services
      66140000

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