Lonmodtagernes Dyrtidsfond, a Copenhagen-based public authority pension fund with about €7 billion ($9.5 billion) in total assets, issued nine RFIs for portfolios totaling €5.22 billion, according to the fund’s website.
Active managers are being sought to run a €2.3 billion Danish high-grade bond portfolio; a €70 million global inflation-linked bond strategy; a €500 million credit mandate; a €1.15 billion global equity strategy; a €770 million Danish equity portfolio; a €200 million emerging market portfolio; and a €110 million Danish short-term bond strategy. RFIs also were issued for a €70 million equity portfolio investing in an environmental and climate change thematic strategy and a €50 million Danish money market portfolio.
LD Invest, which is a money management company spun off from LD pension fund in 2005, is currently managing the assets up for grabs. The firm’s contract expires at the end of the year, and it is invited to rebid. LD Invest has about €9 billion in assets under management, including the assets managed for LD pension fund.
“A minor portion of LD’s assets is placed in private equity funds and in direct investments,” according to the announcement. “This portion of the assets is not included in the tender.”
Proposals are due May 10. PPCmetrics is advising. Further information is available at http://www.ld.dk.
Carsten Koch, the pension fund’s CEO, could not be reached by press time for further details.