# Investment Management Agreement concerning Listed Alternatives

- **Source:** TED · `401324-2024`
- **Buyer:** Lønmodtagernes Dyrtidsfond ('LD Pensions')
- **Published:** 2024-07-05
- **Deadline:** —
- **Estimated value:** 4,000,000 EUR
- **CPV codes:** 66140000
- **Place-of-performance NUTS:** DK011, DNK
- **Buyer-address NUTS:** —
- **Notice type:** can-standard / 29

## Procedure details

Source lists may span several lots; list positions do not establish relationships.

### Procedure Types

- open

### Award Criterion Names

- Pricing & Costs
- Quality of Services

### Award Criterion Descriptions

- LD Pensions will evaluate the price and cost information received as a part of Appendix 5a/5b, according to the evaluation method described below, which in general is a Target Price Model. Based on the “Costs and Fees” information in Appendix 5a/5b table 12.1, LD Pensions will use Total Costs and Fees “TCF” for each potential mandate size, measured as basis points. For each mandate size, LD Pensions will calculate a Target Total Costs and Fees (TargetTCF). The TargetTCF is calculated as the average of TCF provided by the Tenderers and it is considered to be the market price, which will be awarded 5 points. The allocation of points for TCF is subsequently determined relative to the TargetTCF. If a Tenderer’s TCF is 75 % below the TargetTCF, the Tenderer is awarded 10 points. A TCF being 75 % higher than the TargetTCF is awarded zero points. The Tenderers are awarded a proportional number of points after a linear calculation between these two ends of the scale. If the spread between the TCF exceeds either +/- 75 % from the calculated TargetTCF LD Pensions will expand the spread to +/- 80 %. If the spread exceeds either +/- 80 % from the TargetTCF LD Pensions will expand to +/- 85 % and so on. The total score for TCF will be a weighted average of the Tenderer’s score for each of the five potential mandate sizes as described in the tender specifications.
- The evaluation of “Quality of Service” will be based on the information and answers provided in Appendix 5a/5b. The criterion “Quality of Service” will be evaluated on the basis of the following sub-criteria (which add up to 80 %): • Company – 5 % • Assets under Management & Asset Class Experience – 5 % • Investment Team – 20 % • Investment Philosophy & Process - 20% • Trade Execution – 10 % • ESG – 5 % • Performance and Reporting – 10% • Risk Oversight and Compliance – 5% The items within each sub-criteria will not necessarily be assigned an equal weight in the evaluation.

### Options

- The contract can be renewed by 12 months, up to two times for a total of 24 months.

## Description

The investment manager will provide investment management services for LD Pensions' assets within Listed Alternatives

## Award result

- **Published notice total:** 12,250,000 EUR
- **Contract concluded:** 2024-05-07
- **Winner:** BI Asset Management Fondsmæglerselskab A/S (CVR 20896477) · value 12,250,000 EUR
Published values may cover multiple lots, options and frameworks; they are not supplier revenue. Unlinked notice summaries do not assign each value or expiry to each winner.

## Original notice

https://ted.europa.eu/da/notice/-/detail/401324-2024