The object of the tender is to select an investment manager to manage LD Pensions’ assets within Danish Short Term Bonds. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD.

A more detailed description of the characteristics of the mandates can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreements).

The size of the mandate covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance. The value of the contracts is therefore LD Pensions’ best estimate.

LD Pensions is selecting two Investment managers to provide investment management services for Danish High Short Term Bonds. Expected size for the mandate is DKK 2 000 million, approx. EUR 270 million. The size of the mandate is indicative due to LD Pensions’ 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 25-50 bp p.a. Direct duration bets are not allowed. The investment universe and benchmark consists of Danish mortgage bonds and Danish government bonds.

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).