Lonmodtagernes Dyrtidsfond, Frederiksberg, Denmark, is searching for a high conviction emerging markets equity manager to run a €100 million ($107 million) allocation, Kristoffer Birch, head of equities, confirmed.
The 35 billion Danish kroner ($5 billion) pension fund, known as LD Pensions, has about 12% of its global equity portfolio invested in emerging markets. About 50% of the high conviction emerging markets equity allocation will be actively managed, Mr. Birch said in an email. The size of the total equity portfolio was not available.
LD Pensions wants environmental, social and governance factors to be integrated into the manager's investment process. The pension fund's list of excluded companies and sectors must also be incorporated by the chosen manager, said a notice on European procurement website Tenders Electronic Daily.
The contract will last four years with the potential for three, one-year extensions.
The selected manager will have at least $250 million in global and regional emerging markets long-only equity institutional assets as of Dec. 31.
Incumbent manager Fisher Investments may rebid, Mr. Birch said. "They are welcome to tender, if they match our requirements." He did not provide further details.
Applications are due by 11.59 P.M. Central European Time on May 7, according to the notice.