The object of the tender is to appoint an Investment Manager for handling LD's assets within the European Corporate Investment Grade Bonds mandate. LD is acting on behalf of its fully owned subsidiary ‘Den Professionelle Forening LD’ (‘PLD’), as the main part of LD's portfolio is placed here. The contract will be signed with PLD.

The mandate is a segregated account and the investment style is active.

The size of the mandate (approximately 335 000 000 EUR) covered by this contract notice is indicative due to LD's inability to determine the volume in advance.

The objective is to outperform the benchmark over a time period of 2-3 years with an outperformance of 50-100 bp p.a. Direct duration bets are not allowed. The investment universe consists of European corporate investment grade bonds. The benchmark is BofA Merril Lynch EMU Corporate Index. A more detailed description of the characteristics of the mandate can be found in the questionnaire which can be obtained via the e-mail address mentioned in section I.1).