LD Pensions’ tender for Agreements concerning Danish High Grade Bonds
LD Pensions hereby initiates the tender for an Investment Management Agreement for two Danish High Grade Bond Mandates. Both mandates invest primarily in Danish High mortgage bonds with the possibility to invest in government bonds from few selected European countries, and for one of the mandates also European Covered Bonds.
Both mandates are actively managed, and the objective for both mandates is to outperform the benchmark over a time period of 2-3 years with an outperformance of 50-100 bp p.a. without direct duration bets. The benchmark for one of the mandates consists of Danish mortgage bonds and Danish government bonds, whereas the benchmark for the other mandate also includes European covered bonds in addition to Danish mortgage bonds and Danish government bonds.
A Tenderer can submit a tender for one of the mandates or both mandates. The two mandates will be awarded to two different Tenderers i.e. a Tenderer cannot be awarded both Agreements.