LD Pensions’ Tender for an Agreement Concerning Danish High Grade Bonds

Lønmodtagernes Dyrtidsfond (‘LD Pensions’)

The object of the tender is to select two investment managers to manage LD Pensions’ assets within Danish High Grade Bonds and this tender therefore includes two lots. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD.
A more detailed description of the characteristics of the mandates can be found in the investment guidelines (investment guidelines can be found in schedule 1 of the agreements).
The sizes of the mandates covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance. The value of the contracts is therefore LD Pensions’ best estimate.

Deadline

Fristen for modtagelse af bud var på 2020-06-02. Indkøbet blev offentliggjort på 2020-04-24.

Leverandører

Følgende leverandører er nævnt i tildelingsbeslutninger eller andre indkøbsdokumenter:

Hvem? Hvad? Hvor?
Indkøbshistorik
Dato Dokument
2020-04-24 Udbudsbekendtgørelse
2021-01-06 Bekendtgørelse om indgåede kontrakter
Udbudsbekendtgørelse (2020-04-24)
Objekt
Omfanget af udbuddet
Titel: Porteføljeforvaltning
Kort beskrivelse:
The object of the tender is to select two investment managers to manage LD Pensions’ assets within Danish High Grade Bonds and this tender therefore includes two lots. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD. A more detailed description of the characteristics of the mandates can be found in the investment guidelines (investment guidelines can be found in schedule 1 of the agreements). The sizes of the mandates covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance. The value of the contracts is therefore LD Pensions’ best estimate.
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Bekendtgørelsens metadata
Originalsprog: engelsk 🗣️
Dokumenttype: Udbudsbekendtgørelse
Kontraktens art: Tjenesteydelser
Forordning: Den Europæiske Union, med deltagelse af GPA-lande
Fælles glossar for offentlige kontrakter (CPV)
Kode: Porteføljeforvaltning 📦
Yderligere CPV-kode: Porteføljeforvaltning 📦
Sted for udførelsen
NUTS-region: Danmark 🏙️

Procedure
Procedureform: Offentligt udbud
Bud-type: Indsendelse gældende for alle delaftaler
Kriterier for tildeling
Det økonomisk mest fordelagtige bud

Ordregivende myndighed
Identitet
Land: Danmark 🇩🇰
Type af ordregivende myndighed: Offentligretligt organ
Navn på ordregivende myndighed: Lønmodtagernes Dyrtidsfond (‘LD Pensions’)
Postadresse: Dirch Passers Alle 27
Postnummer: 2000
Postby: Frederiksberg
Kontakt
Internetadresse: https://www.ld.dk 🌏
E-mail: investeringsafdeling@ld.dk 📧
Telefon: +45 33368938 📞
URL til dokumenter: http://eu.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=268607&B=KROMANNREUMERT 🌏
URL til deltagelse: http://eu.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=268607&B=KROMANNREUMERT 🌏

Reference
Datoer
Afsendelsesdato: 2020-04-24 📅
Tilbudsfrist: 2020-06-02 📅
Offentliggørelsesdato: 2020-04-28 📅
Identifikatorer
Bekendtgørelsesnummer: 2020/S 083-196502
EUT-S-nummer: 83
Yderligere oplysninger
Both mandatory and voluntary grounds for exclusion apply in this tender procedure, cf. section 135-137 of the Danish Public Procurement Act. A tenderer can submit a tender for one mandate or both mandates and each mandate will be evaluated separately. A tenderer can only be awarded one Agreement. If a tenderer submits a tender for both mandates and in the case that a tenderer has received the highest score for both mandates, LD Pensions will award the agreement to the tenderer for the mandate where the tenderer has submitted the most competitive tender relatively to the other tenderers. Based on the final evaluation — as documented in the evaluation report — LD Pensions will for both mandates calculate the difference between scores for the tender that received the highest score and the tenderer that received the second highest score. The agreement will be awarded to the Tenderer for the mandate where difference between the total score is biggest. In the case that the difference in score between the highest score and the second highest score for both mandates is equal, the most competitive tenderer will be based on the difference between quality of service. LD Pensions has provided examples on the mechanisms described above in the tender specifications section 5.5. In the case that the difference in score for quality of service between the highest score and the second highest score for both mandates is equal, LD Pensions will draw lots.
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Objekt
Omfanget af udbuddet
Kort beskrivelse:
The object of the tender is to select two investment managers to manage LD Pensions’ assets within Danish High Grade Bonds and this tender therefore includes two lots. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD.
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A more detailed description of the characteristics of the mandates can be found in the investment guidelines (investment guidelines can be found in schedule 1 of the agreements).
The sizes of the mandates covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance. The value of the contracts is therefore LD Pensions’ best estimate.
Anslået samlet værdi: 22 000 000 DKK 💰
Maksimalt antal delkontrakter pr. tilbudsgiver: 1
Delkontraktens titel: Danish High Grade Bonds 1 incl. European Covered Bonds
Delkontraktnummer: 1
Kort beskrivelse:
LD Pensions is selecting two investment managers to provide investment management services for the following mandates:
1) Danish High Grade Bonds incl. European Covered Bonds; and
2) Danish High Grade Bonds.
Expected size for both mandates is DKK 4 500 million, approx. EUR 600 million. The size of the mandates is indicative due to LD Pensions’ inability to determine the volume in advance.
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.
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A more detailed description of the characteristics of the mandates can be found in the investment guidelines (investment guidelines can be found in schedule 1 of the Agreements).
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.
Anslået værdi uden moms: 12 000 000 DKK 💰
Varighed: 48 måneder
Beskrivelse af fornyelser: The contract can be renewed by 12 months, up to three times.
Delkontraktens titel: Danish High Grade Bonds 2
Delkontraktnummer: 2
Kort beskrivelse:
A more detailed description of the characteristics of the mandates can be found in the Investment Guidelines (investment guidelines can be found in schedule 1 of the agreements).
Anslået værdi uden moms: 10 000 000 DKK 💰

Juridiske, økonomiske, finansielle og tekniske oplysninger
Betingelser for deltagelse
Egnethed til at udøve det erhverv:
The tenderer will have those licenses, authorizations and/or registrations as may be required pursuant to applicable law, in order to perform those investment services under the agreement.
Mindstekrav til niveauet:
Danish High Grade Bonds 1 incl. European Covered Bonds:
• the tenderer has asset under management (company-wide) for institutional investors of DKK 5 billion as of 31 December 2019
Danish High Grade Bonds 2:
• the tenderer has asset under management (company-wide) for institutional investors of DKK 5 billion as of December 31 2019.
• the tenderer has either
1) A live track record for Danish High Grade Bonds incl. European Covered Bonds since year end 2014 or
2) A live track record for Danish High Grade Bonds since year end 2014 and a live track record for European Covered Bonds since year end 2014.
• The tenderer has a live track record for Danish High Grade Bonds since year end 2014.
Kontraktens udførelse
Betingelser for opfyldelse af kontrakten:
Danish High Grade Bonds 1 incl. European Covered Bonds:
The tenderer will adhere to the investment guidelines stated in the investment management agreement schedule 1.
The Product has minimum DKK 4 billion available capacity at the time of contract signing.
Danish high grade bonds 2:
The product has minimum DKK 4 billion available capacity at the time of contract signing.

Procedure
Retsgrundlag: 32014L0024
Tidspunkt for modtagelse af tilbud: 16:00
Sprog, på hvilke bud eller ansøgninger om deltagelse kan indgives: dansk 🗣️
engelsk 🗣️
Tilbuddets gyldighedsperiode: 6 måneder
Dato for åbning af tilbud: 2020-06-02 📅
Tidspunkt for åbning af tilbud: 16:00

Ordregivende myndighed
Identitet
Nationalt registreringsnummer: 61552812
Kontakt
Enhed: Claus Buchwald Christjansen
Køberprofilens adresse: https://eu.eu-supply.com/ctm/Company/CompanyInformation/Index/352919 🌏
URL til dokumenter: http://eu.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=268607&B=KROMANNREUMERT 🌏

Reference
Yderligere oplysninger
Both mandatory and voluntary grounds for exclusion apply in this tender procedure, cf. section 135-137 of the Danish Public Procurement Act.
A tenderer can submit a tender for one mandate or both mandates and each mandate will be evaluated separately. A tenderer can only be awarded one Agreement.
If a tenderer submits a tender for both mandates and in the case that a tenderer has received the highest score for both mandates, LD Pensions will award the agreement to the tenderer for the mandate where the tenderer has submitted the most competitive tender relatively to the other tenderers. Based on the final evaluation — as documented in the evaluation report — LD Pensions will for both mandates calculate the difference between scores for the tender that received the highest score and the tenderer that received the second highest score. The agreement will be awarded to the Tenderer for the mandate where difference between the total score is biggest.
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In the case that the difference in score between the highest score and the second highest score for both mandates is equal, the most competitive tenderer will be based on the difference between quality of service.
LD Pensions has provided examples on the mechanisms described above in the tender specifications section 5.5.
In the case that the difference in score for quality of service between the highest score and the second highest score for both mandates is equal, LD Pensions will draw lots.

Supplerende oplysninger
Gennemgå organ
Navn: Klagenævnet for Udbud
Postadresse: Nævnenes Hus, Toldboden 2
Postby: Viborg
Postnummer: 8800
Land: Danmark 🇩🇰
Telefon: +45 35291000 📞
E-mail: klfu@naevneneshus.dk 📧
Internetadresse: https://naevneneshus.dk/start-din-klage/klagenaevnet-for-udbud/ 🌏
Oplysninger om frister for klageprocedurer:
In accordance with Act No 953 2.6.2016 (Lov om klagenævnet for Udbud m.v.), the deadlines for submitting a complaint are the following:
Complaints about the award procedure must be lodged with the Danish Complaints Board for Public Procurement before the expiry of:
45 calendar days after the contracting authority has published a notice in the official Journal of the European Union (with effect form the day following the publication date).
The complainant must inform the contracting authority of the complaint in writing and not later than simultaneously with the lodging of the complaint to the Danish Board of Public Procurement. The complaint must state whether the complaint was lodged in the stand still period. If the complaint has not been lodged in the stand still period, the complaint must also state whether the complaint is requested to be given suspensive effect.
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Tjeneste, hvorfra der kan indhentes oplysninger om klageproceduren
Navn: Konkurrence- og Forbrugerstyrelsen
Postadresse: Carl Jacobsens Vej 35
Postby: Valby
Postnummer: 2500
Telefon: +45 41715000 📞
E-mail: kfst@kfst.dk 📧
Internetadresse: http://www.kfst.dk 🌏
Kilde: OJS 2020/S 083-196502 (2020-04-24)
Bekendtgørelse om indgåede kontrakter (2021-01-06)
Objekt
Omfanget af udbuddet
Kort beskrivelse:
The object of the tender is to select two investment managers to manage LD Pensions’ assets within Danish High Grade Bonds and this tender therefore includes two lots. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed with KLD. A more detailed description of the characteristics of the mandates can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreements). The sizes of the mandates covered by this contract notice are indicative due to LD Pensions’ inability to determine the volume in advance. The value of the contracts is therefore LD Pensions’ best estimate.
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Den samlede værdi af udbuddet: 34 000 000 DKK 💰
Bekendtgørelsens metadata
Dokumenttype: Bekendtgørelse om indgåede kontrakter

Procedure
Bud-type: Finder ikke anvendelse

Reference
Datoer
Afsendelsesdato: 2021-01-06 📅
Offentliggørelsesdato: 2021-01-11 📅
Identifikatorer
Bekendtgørelsesnummer: 2021/S 006-009951
Henviser til bekendtgørelse: 2020/S 083-196502
EUT-S-nummer: 6

Objekt
Omfanget af udbuddet
Kort beskrivelse:
A more detailed description of the characteristics of the mandates can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreements).
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.
… agreements.

Procedure
Kriterier for tildeling
Kvalitetskriterium (navn): Quality of service
Kvalitetskriterium (vægtning): 90
Pris (justeringskoefficient): 10

Tildeling af kontrakt
Dato for kontraktindgåelse: 2020-11-04 📅
Navn: Nordea Investment Management AB, Denmark, Filial af Nordea Investment Management AB, Sverige
Nationalt registreringsnummer: 28715560
Postadresse: Strandgade 3
Postby: København
Postnummer: 1401
Land: Danmark 🇩🇰
Den samlede værdi af udbuddet: 20 000 000 DKK 💰
Dato for kontraktindgåelse: 2020-12-14 📅
Navn: Danske Bank
Nationalt registreringsnummer: 61126228
Postadresse: Holmens Kanal 2-12
Postby: København K
Postnummer: 1092
Den samlede værdi af udbuddet: 14 000 000 DKK 💰
Oplysninger om udbud
Antal modtagne bud: 3
6

Supplerende oplysninger
Gennemgå organ
Oplysninger om frister for klageprocedurer:
45 calendar days after the contracting authority has published a notice in the official Journal of the European Union (with effect form the day following the publication date);
Kilde: OJS 2021/S 006-009951 (2021-01-06)
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