Global Money Management - Danish Plan To Tender EUR6 Billion

Danish Plan To Tender EUR6 Billion

Lønmodtagernes Dyrtidsfond (LD), the EUR6.5 billion employees’ capital pension fund in Copenhagen, is tendering mandates for investment management services worth around EUR6 billion. This is the first time LD has tendered briefs since its establishment in 1980. The Danish supplementary scheme will be issuing around 10 tenders for listed bonds and equities in the second quarter. Individual mandates will range from around EUR100 million to EUR1.5 billion, with the possibility of some being divided among several external asset managers. According to a pre-tender notice, the exact nature and number of the mandates is yet to be decided. The scheme expects to establish contracts with new managers before the end of the year, with new investments beginning next January. LD is also in the process of signing a consultant to help with the manager selection ...

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Danish Plan To Tender EUR6 Billion

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