Lonmodtagernes Dyrtidsfond, Frederiksberg, Denmark, known as LD Pensions, is looking for one global quantitative equity manager to manage 1 billion Danish kroner ($147 million) to 2 billion kroner, said Kristoffer Fabricius Birch, head of equities, in an email.
The allocation to quantitative equity is new, Mr. Birch said.
The selected manager will provide a segregated long-only mandate, which must incorporate LD Pensions' policies on exclusions, tracking error and other restrictions, according to a notice on European procurement website Tenders Electronic Daily.
The 36.5 billion Danish kroner pension fund will select a manager with an active, systematic stock selection process, the notice said.
Managers with all-country strategies and a combination of a global developed markets and global emerging markets strategies that are using the same quantitative model and investment process are eligible to apply.
The contract will last four years and it could renewed three times each time for a period of one year.
Proposals are due by 7 p.m. Central European Time on March 3. LD Pensions requires candidates to prequalify and will invite preselected candidates to participate in the next stage of the process by March 23. Details of the preselection criteria are available in the notice.