The object of the tender is to find an investment manager to handle LD Pensions’ assets within multi-factor, high capacity, smart Beta global equities, including provision of ancillary services such as delivery of completion advice and analysis of the factor exposure of LD Pensions’ current and potential future single- and multi-manager equity portfolios.

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.

This mandate is long only and has two objectives

— Deliver long-term exposure to well-rewarded equity factors (risk premia) via investment in a high capacity, multi-factor strategy (ongoing portfolio management). The investment universe is global, including emerging markets. The product must be provided as a segregated mandate and portfolio construction must be tailored to the needs of LD Pensions by incorporating LD Pensions’ exclusion list, tracking error and other restrictions.

— Delivery of ancillary services concerning analyses of LD Pensions’ current and potential future single- and multi-manager equity portfolios, using the same factor definitions employed in the smart Beta mandate.

The size of the mandate covered by this contract notice is indicative due to LD Pensions’ inability to determine the volume in advance. It is important that the product has a minimum of EUR 2 billion available capacity at the time of signing the agreement.