The Client offers a 4-year framework agreement on asset management of the Client's capital amounting to approx. DKK 6.8 billion. The contracting entity expects to enter into an agreement with four different asset managers. A separate agreement is entered into for the National Building Fund and the Building Injury Fund, respectively. The housing associations approved at any given time are entitled – but not obliged – to sign up to the framework agreement, which is why they are also contracting entities during the call for tenders. The social housing organisations approved at the time of the invitation to tender are listed in Annex 11 to the contract (Social housing organisations). If one or more housing organisations join the agreement, the asset managers must also manage their capital according to the terms of the agreement.
With few exceptions, the investment framework applicable to the agreement does not cover shares or corporate bonds. However, the framework agreement contains an option in the form of:
Revised investment frameworks containing shares and corporate bonds.
The National Building Fund's agreementThe National Building Fund offers a 4-year framework agreement on asset management of the National Building Fund's capital of approx. DKK 5.6 billion, which today is placed in short-term bond mandates of approx. DKK 2.4 billion and long-term bond mandates of approx. DKK 3.2 billion. Landsbyggefonden expects to enter into an agreement with four asset managers. As far as possible, the capital of the National Building Fund is distributed equally among the four asset managers.
The housing associations approved at any given time are entitled – but not obliged – to sign up to the framework agreement, which is why they are also contracting entities during the call for tenders. In this case, the National Building Fund enters into an agreement with the asset manager on behalf of the housing organisation in question using the template in Annex 1 to the contract (Connection Agreement). The social housing organisations approved at the time of the invitation to tender are listed in Annex 11 to the contract (Social housing organisations). If one or more housing organisations join the agreement, the asset managers must also manage their capital according to the terms of the agreement.
With few exceptions, the investment framework applicable to the framework agreement does not cover shares or corporate bonds. However, the framework agreement contains an option in the form of amended investment frameworks containing shares and corporate bonds.
The Building Damage Fund's agreementThe Danish Building Injury Fund offers a 4-year framework agreement on asset management of the Building Injury Fund's capital of approx. DKK 1.3 billion, which today is placed in short-term bond mandates of approx. DKK 0.3 billion, long-term bond mandates of approx. DKK 0.9 billion. The Building Damage Fund expects to enter into an agreement with four asset managers. As far as possible, the capital of the Building Damage Fund is distributed equally among the four asset managers. A separate agreement is made for each of the departments belonging to the Building Damage Fund. This is done using the template in contract annex 1 (Connection agreement).
With few exceptions, the investment framework applicable to the framework agreement does not cover shares or corporate bonds. However, the framework agreement contains an option in the form of amended investment frameworks containing shares and corporate bonds.