The object of the tender is to select an investment manager to manage LD Pensions’ assets within global developed markets high conviction equities. The investment approach must be long term, fundamental stock picking based on a deep understanding of companies in the portfolio and the investment universe. The intention is to generate alpha, adjusted for academically tested factors such as value, size, momentum, low-volatility and quality. The mandate is long only.

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.

LD Pensions is selecting one investment manager to provide investment management services for the following mandate: global developed markets high conviction equities (expected size DKK 3 000 million, approx. EUR 400 million). The size of the mandate is indicative due to LD Pensions’ inability to determine the volume in advance. It is important that the product have available capacity of minimum EUR 500 million at the time of signing the agreement.

The mandate is a segregated account, long-only, and the investment approach is active fundamental stock selection, with a long investment horizon. The objective is to generate robust alpha, adjusted for academically tested factors such as value, size, momentum, low-volatility and quality, by investing in listed global developed markets equities. The portfolio is concentrated, and consist of equities of all sizes, relatively beta-neutral, with no extreme biases to e.g. momentum, deep value, small cap, high growth or low volatility. ESG should be fully integrated in the investment process, and LD Pensions’ exclusion list must be incorporated in the investment restrictions.

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 Agreement, section 1 of Appendix 5a, or section 1 of Appendix 6a).