AP2, Gothenburg, Sweden, is searching for a provider of a performance attribution system to help it better understand where active return is generated within its portfolios.
The 293.9 billion Swedish kronor ($34.9 billion) pension fund will use the system to study performance across its entire portfolio, as well as for individual portfolios and asset classes, said a description of the procurement requirements on AP2’s website.
Reporting is required in percentage and money terms — both in Swedish kronor and other currencies — and AP2 is looking for a system that allows for “fast calculation and a flexible interface.”
Proposals are due June 15, and AP2 expects by June 30 to invite three to five applicants to make presentations.
Among other requirements, AP2 said the system should be able to perform both absolute contribution and relative attribution analysis throughout its multiasset universe; should present data within defined time periods, on an aggregated level and with granularity; and be able to handle both market values and derivatives exposures, according to the RFP.
Systems should have a track record of servicing at least five money managers and institutional investors that have at least $10 billion of assets, and across a global multiasset, multicurrency portfolio.
Further information is available on AP2’s website.
A spokeswoman for AP2 could not be reached for comment by press time.