The City of Nokia requests your offer for asset management services in accordance with this invitation to tender and its appendices. Contracts shall be concluded for an indefinite period. The procurement involves competitive tendering exceeding the EU threshold value and the procurement procedure is an open procedure.

The investable assets of the City of Nokia are approximately 8 Meur. The invitation to tender comprises approximately EUR 8 million of this. To manage this asset item, 2 asset managers will be sought through a tender process for equity, fixed income and alternative investments, which means that the outsourced portfolios will be approximately EUR 4 million per asset manager.

The selected service providers do not therefore have an exclusive right to provide the services that are the subject of the procurement. At a later stage, the investor reserves the right to increase or decrease the investable assets held by asset managers.

The City of Nokia invites tenders for full power of attorney asset management for equity, fixed income and alternative investments. For alternative investments, the offer does not have to be a full power of attorney agreement. An open procurement procedure shall be applied in the procurement procedure. This is a competitive bidding process exceeding the EU threshold value. The contracts are valid until further notice.

In the procurement procedure, tenders are invited within the limits allowed by the attached investment principles. Annex 5 to the invitation to tender.

The start-up measures and procedures shall be negotiated separately with the service providers at the time of the conclusion of the contract, in which case the agreement with the selected asset managers shall specify the period within which the investment policy agreed in the framework will be followed.

The client's objective is to ensure high-quality, responsible and competitive asset management in accordance with the principles of capital investment entrusted to asset management.

The asset manager reports monthly to the Customer on asset management in accordance with the principles of investment activities.

The contract enters into force six months after the tender has been submitted or, if agreed earlier, after the procurement decision has become final.

The City of Nokia is a non-professional investor at the time of the tendering process.