Lonmodtagernes Dyrtidsfond, Frederiksberg, Denmark, known as LD Pensions, is looking for a money manager to run at least €1 billion ($1.1 billion) in a smart beta equity strategy.
The 36.5 billion Danish kroner ($5.3 billion) LD Pensions wants a smart beta strategy that will be used as a building block in the pension fund's equity portfolio, a spokesman said. The pension fund will consider both multifactor or single-factor smart beta strategies with a global exposure that includes emerging markets.
The pension fund will hire a manager for a tailored mandate to follow LD Pensions' restrictions, including its equity exclusion list. The size of the mandate is still to be determined, but the manager should have a capacity to accommodate €2 billion. Managers with at least €3.6 billion in smart beta strategies will be considered.
The contract will be for five years. Proposals are due by 7 a.m. Central European Time on Nov. 5 via a notice on European procurement website Tenders Electronic Daily.
