LD Pensions' tender for an Agreement concerning Investment Management of Emerging Market Sovereign Hard Currency Bonds

Lønmodtagernes Dyrtidsfond ('LD Pensions')

The object of the tender is to select an Investment Manager to provide investment management services for LD Pensions' assets within Emerging Market Sovereign Hard Currency Bonds. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed by KLD. The expected size of the mandate is DKK 2,000 million, approximately EUR 270 million. The investment objective is to outperform the index in net terms (i.e. after deduction of all costs) over a full market cycle. A more detailed description of the characteristics of the mandate can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreement).

Deadline

Fristen for modtagelse af bud var på 2024-11-22. Indkøbet blev offentliggjort på 2024-10-17.

Hvem? Hvad? Hvor?
Indkøbshistorik
Dato Dokument
2024-10-17 Udbudsbekendtgørelse
Udbudsbekendtgørelse (2024-10-17)
Objekt
Omfanget af udbuddet
Titel: LD Pensions' tender for an Agreement concerning Investment Management of Emerging Market Sovereign Hard Currency Bonds
Referencenummer: 1050862-12
Kort beskrivelse:
The object of the tender is to select an Investment Manager to provide investment management services for LD Pensions' assets within Emerging Market Sovereign Hard Currency Bonds. LD Pensions is acting on behalf of its fully owned subsidiary Kapitalforeningen LD (KLD). The contract will be signed by KLD. The expected size of the mandate is DKK 2,000 million, approximately EUR 270 million. The investment objective is to outperform the index in net terms (i.e. after deduction of all costs) over a full market cycle. A more detailed description of the characteristics of the mandate can be found in the Investment Guidelines (Investment Guidelines can be found in Schedule 1 of the Agreement).
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Kontrakttype: Tjenesteydelser
Produkter/tjenester: Porteføljeforvaltning 📦
Anslået værdi uden moms: 42 000 000 DKK 💰
Andre begrænsninger af opfyldelsesstedet: Hvor som helst
Beskrivelse
Intern ID: 1
Yderligere oplysninger:
In accordance with Act no. 953 2.6.2016 (Lov om Klagenævnet for Udbud m.v.), the deadlines for sub-mitting a complaint are the following: Complaints about a candidate not being selected must be filed within 20 calendar days starting the day after the Contracting Authority sent notification to the candidates involved, cf. Section 171 of the Danish Public Procurement Act or Section 2, 1) no. 1 of the same Act, provided that the notification includes a short account of the relevant reasons of the decision. Complaints about the award procedure must be lodged with the Danish Complaints Board for Public Procurement before the expiry of: 1) 45 calendar days after the Contracting Authority has published a notice in the official Journal of the European Union (with effect from the day following the publication date); 2) 30 calendar days from the day following the day on which the contracting authority has informed the tenderers that the contracting authority has entered into a contract based on a Framework Agreement with reopening of competition or a dynamic purchasing system if the notification includes a sort account of the relevant reasons for the decision. 3) 6 months after the Contracting Authority has signed a Framework Agreement from the day following the day that the Contracting Authority has notified the tenderers, cf. Section 2, 2) of the Act or Section 171, 4) of the Danish Public Procurement Act. 4) 20 calendar days from the day after the day the Contracting Authority has announced its decision see Section 185, 2) of the Danish Public Procurement Act. 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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Varighed: 4 år
Højeste antal fornyelser: 3
Yderligere oplysninger om fornyelser:
The duration of the Investment Management Agreement will be for a fixed period of four (4) years from the entry into force of the contract with option for LD Pensions to renew the IMA in three (3) further extensions of one (1) year each. Thus, the overall term of agreement could be seven (7) years.
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Oplysninger om elektroniske kataloger
Tilbuddene skal være udformet som elektroniske kataloger eller indeholde et elektronisk katalog
Kriterier for tildeling
Kvalitetskriterium (navn): Quality of Services
Kvalitetskriterium (vægtning): 85
Pris ✅
Pris (justeringskoefficient): 15
Titel
Partiets identifikationsnummer: LOT-0000

Procedure
Type af procedure
Åben procedure ✅
Retsgrundlag: Direktiv 2014/24/EU
Hovedpunkterne i proceduren:
This tender is an open procedure where all interested economic operators are invited to submit tenders.
Administrative oplysninger
Frist for modtagelse af bud eller ansøgninger om deltagelse: 2024-11-22 22:59:00 📅
Sprog, på hvilke bud eller ansøgninger om deltagelse kan indgives: engelsk 🗣️
Minimumsfrist, inden for hvilken tilbudsgiveren skal opretholde tilbuddet: 6 måneder
Udbudsbetingelser
Tilbudsgivere kan indgive mere end ét tilbud
Avanceret eller kvalificeret elektronisk signatur eller segl (jf forordning (EU) nr 910/2014) er påkrævet
Elektronisk katalog: Påkrævet
Elektronisk fakturering: Påkrævet
Der vil blive anvendt elektronisk bestilling ✅
Der vil blive anvendt elektronisk betaling ✅
Yderligere oplysninger:
LD Pensions reserves the right to request an applicant/tenderer to supplement, clarify or complete the application/tender, cf. the Danish Public Procurement Act, Section 159(5).
Kriterier for tildeling
Vægtningstype: Vægtning (procentdel, præcis)

Juridiske, økonomiske, finansielle og tekniske oplysninger
Betingelser for deltagelse
Liste og kortfattet beskrivelse af betingelserne:
Authorisation: The tenderer (contracting entity) shall be authorised by a competent financial supervisory authority to provide discretionary portfolio management services in accordance with the provisions set out in the IMA.
Teknisk og faglig kompetence
Liste og kortfattet beskrivelse af udvælgelseskriterier:
Track record: The tenderer has a live (not simulated) track record of at least ten (10) years in emerging market sovereign bonds (hard currency) as of 31 December 2023.
Assets under management in emerging market sovereign bonds: The tenderer must have had assets under management in emerging market sovereign bonds (hard and local currency) of at least EUR two (2) billion as of 31 December 2023.
Total assets under management: The tenderer must have had total assets under management at group level for governmental authorities, pension funds, insurance firms, treasury departments, central banks, or supranational entities of at least EUR ten (10) billion as of 31 December 2023.
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Betingelser for deltagelse
Udelukkelsesgrund:
Aftaler med andre økonomiske aktører med henblik på konkurrencefordrejning
Aktiver, der administreres af en kurator
Betaling af skatter og afgifter
+ 21 mere
Betaling af socialsikringsbidrag
Børnearbejde og andre former for menneskehandel
Deltagelse i en kriminel organisation
Direkte eller indirekte involvering i forberedelsen af denne udbudsprocedure
En situation, der svarer til konkurs i henhold til national ret
Erhvervsvirksomheden er indstillet
Har afgivet urigtige oplysninger eller tilbageholdt oplysninger, som ikke var i stand til at fremlægge de krævede dokumenter og indhentet fortrolige oplysninger i forbindelse med denne procedure
Hvidvaskning af penge eller finansiering af terrorisme
Insolvens
Interessekonflikt som følge af deltagelse i udbudsproceduren
Konkurs
Korruption
Ophævelse eller en lignende sanktion
Rent nationale udelukkelsesgrunde
Skyldig i alvorlige forsømmelser i forbindelse med udøvelsen af erhvervet
Svig
Terrorhandlinger eller strafbare handlinger med forbindelse til terroraktivitet
Tilsidesættelse af forpligtelser på det arbejdsretlige område
Tilsidesættelse af forpligtelser på miljølovgivningsområdet
Tilsidesættelse af forpligtelser på sociallovgivningsområdet
Tvangsakkord uden for konkurs
Beskrivelse af udelukkelsesgrunde:
Pursuant to Section 137(1)(2) of the Danish Public Procurement Act, an applicant or tenderer will be excluded if the applicant or tenderer has been declared bankrupt or is undergoing insolvency or winding-up proceedings, where the assets of the applicant or tenderer is being administered by a receiver or by court if the applicant or tenderer has entered an arrangement with creditors, where the commercial activities of the candidate or tenderer has been discontinued, or where the applicant or tenderer is in a similar situation under a similar procedure under national law in the jurisdiction in which the candidate or tenderer is registered. Please refer to "Additional information" below for the required documentation.
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Pursuant to Section 135(1)(2) of the Danish Public Procurement Act, an applicant or tenderer will be excluded if the applicant or tenderer has been convicted or fined by final judgement for corruption as defined in Article 3 of convention on combating of corruption involving officials of the European Union and of the EU member states and Article 2(1) of Council Framework Decision 2003 /568/JHA of 22 July 2003 on combating of corruption in the private sector (Offi-cial Journal of the European Union 2003, No. L 192, page 54) and corruption as defined by national law in the member state or home country of the applicant or tenderer or in the country in which the applicant or tenderer is established. The same applies where a person who has been convicted by final judgement or who has been fined for such an action is a member of the board, management or supervisory committee of the applicant or tenderer. Further, the applicant or tenderer must be excluded if the convicted person is authorised to represent, monitor or make decisions in the board, management or supervisory committee of the applicant or tenderer. Please refer to "Additional information" below for the required documentation
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Pursuant to Section 135(1)(1) of the Danish Public Procurement Act, an applicant or tenderer will be excluded if the applicant or tenderer has been convicted or fined by final judgement for actions committed as part of a criminal organisation as defined in Article 2 of Council Framework Decision 2008/841/JHA of 24 October 2008 (Official Journal of the European Union 2008, No. L 300, page 42). The same applies where a person who has been convicted by final judgement or who has been fined for such an action is a member of the board, management or supervisory committee of the applicant or tenderer. Further, the applicant or tenderer must be excluded if the convicted person is authorised to represent, monitor or make decisions in the board, management or supervisory committee of the applicant or tenderer. Please refer to "Additional information" below for the required documentation.
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Pursuant to Section 137(1)(3) of the Danish Public Procurement Act, an appli-cant or tenderer will be excluded if the contracting authority has sufficient plausible indications to conclude that the applicant or tenderer has concluded agreements with other economic operators for the purpose of distorting competition.
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Pursuant to Section 137(1)(1) of the Danish Public Procurement Act, an applicant or tenderer will be excluded if the applicant or tenderer has ignored obligations in force in the fields of environmental, social or labour law under EU law, national law, collective agreements or the obligations under environmental, social or labour law deriving from the conventions stated in Annex X to Directive 2014/24/EU of the European Parliament and of the Council of 26 February 2014 on public procurement and repealing Directive 2004/18/EC (the Official Journal of the European Union 2014, No. L 94, page 65) or subject to acts adopted by the European Commission under Article 57(4), cf. Article 88, of the Directive. Please refer to "Additional information" below for the required documentation.
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Pursuant to Section 135(1)(5) of the Danish Public Procurement Act, an applicant or tenderer will be excluded if the applicant or tenderer has been convicted or fined by final judgement for money laundering or financing of terrorism as defined in Article 1 of Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on prevention of the use of the financial system for the purpose of money laundering or financing of terrorism (Official Journal of the European Union 2005, No. L 309, page 15). The same applies where a person who has been convicted by final judgement or who has been fined for such an action is a member of the board, management or supervisory committee of the applicant or tenderer. Further, the applicant or tenderer must be excluded if the convicted person is authorised to represent, monitor or make decisions in the board, management or supervisory committee of the applicant or tenderer. Please refer to "Additional information" below for the required documentation.
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Pursuant to Section 135(1)(3) of the Danish Public Procurement Act, an applicant or tenderer will be excluded if the applicant or tenderer has been convicted or fined by final judgement for fraud within the meaning of Article 1 of the Convention relating to the protection of the financial interests of the European Communities. The same applies where a person who has been convicted by final judgement or who has been fined for such an action is a member of the board, management or supervisory committee of the applicant or tenderer. Further, the applicant or tenderer must be excluded if the convicted person is authorised to represent, monitor or make decisions in the board, management or supervisory committee of the applicant or tenderer. Please refer to "Additional information" below for the required documentation.
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Pursuant to Section 135(1)(6) of the Danish Public Procurement Act, an applicant or tenderer will be excluded if the applicant or tenderer has been convicted or fined by final judgement for breach of section 262 a of the Danish Penal Code or as regards a judgement issued in another country concerning child labour or other types of human trafficking as defined in Article 2 of Directive 2011/36/EU of the European Parliament and of the Council of 5 April 2011 on preventing and combating trafficking in human beings and protecting its victims, and replacing Council Framework Decision 2002/629/HJA (Official Journal of the European Union 2011, No. L 101, page 1). The same applies where a person who has been convicted by final judgement or who has been fined for such an action is a member of the board, management or supervisory commit-tee of the applicant or tenderer. Further, the applicant or tenderer must be excluded if the convicted person is authorised to represent, monitor or make decisions in the board, management or supervisory committee of the applicant or tenderer. Please refer to "Additional information" below for the required documentation.
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Pursuant to Section 136(3) of the Danish Public Procurement Act, an applicant or tenderer will be excluded if the applicant or tenderer of the procurement procedure referred to has provided incorrect information, retained information or is unable to submit additional documents in relation to the grounds for exclusion stated in section 135(1 or 3), and, if relevant, in section 137(1)(2 or 7) the fixed minimum requirements for suitability stipulated in sections 140-144 or selection in section 145. In addition, pursuant to Section 137(1)(5), an applicant or tenderer will be excluded if the applicant or tenderer has attempted to inter-fere with the decision-making process of the contracting authority, where the candidate or tenderer has obtained confidential information which may have resulted in wrongful advantages in relation to the procurement procedure, or where the candidate or tenderer by gross negligence has provided misleading information which may have material influence on decisions on exclusion, assessment of the minimum requirements for suitability, selection or award of contract.
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Pursuant to Section 134a of the Danish Public Procurement Act, an applicant or tenderer will be excluded if the applicant or tenderer is established in a country that is included on the EU list of non-cooperative tax jurisdictions and has not acceded to the WTO's Government Procurement Agreement or other trade agreements that require Denmark to open the market for public contracts for bids.
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Pursuant to Section 136(1) of the Danish Public procurement Act, an applicant or tenderer will be excluded if the contracting authority can prove that in relation to the procurement procedure referred to, a conflict of interest, cf. Section 24(18), cannot be removed effectively by less radical means.
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Pursuant to Section 136(2) of the Danish Public Procurement Act, an applicant or tenderer will be excluded if the inclusion will entail a distortion of competition as discussed in section 39 as a result of the prior involvement of economic operators in the preparation of the procurement procedure in relation to the procurement procedure referred to which cannot be removed by less radical means.
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Pursuant to Section 136(4) of the Danish Public Procurement Act, an applicant or tenderer will be excluded if the applicant or tenderer has in the exercise of its business committed serious neglect which gives rise to doubt as to the integrity of the candidate or tenderer.
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Pursuant to Section 137(1)(4) of the Danish Public Procurement Act, an appli-cant or tenderer will be excluded if the applicant or tenderer has committed previous material breach of a public contract, a utility contract or a public works concession, and such breach has resulted in cancellation of the contract referred to or a similar sanction.
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Pursuant to Section 135(3) of the Danish Public Procurement Act, an applicant or tenderer will be excluded if it has unpaid overdue debt of DKK 100,000 or more to public authorities in relation to…
… social security contributions under Danish law or under the law of the country in which the applicant or tenderer is established, unless the exceptions in Sections 135(4) and (5) apply. Please refer to "Additional information" below for the required documentation.
… tax or duties under Danish law or under the law of the country in which the applicant or tenderer is established, unless the exceptions in Sections 135(4) and (5) apply. Please refer to "Additional information" below for the required documentation.
Pursuant to Section 135(1)(4) of the Danish Public Procurement Act, an applicant or tenderer will be excluded if the applicant or tenderer has been convicted or fined by final judgement for acts of terror or criminal acts related to terrorist activities within the meaning of Article 1, 3 and 4, respectively, of Council Framework Decision 2002/475/JHA of 13 June 2002 on combating terrorism (Official Journal of the European Union 2002, No. L 164, page 3) and amending Council Framework Decision 2008/919/JHA of 28 November 2008 amending Framework Decision 2002/475/JHA on combating terrorism (Official Jour-nal of the European Union 2008, No. L 330, page 21). The same applies where a person who has been convicted by final judgement or who has been fined for such an action is a member of the board, management or supervisory committee of the applicant or tenderer. Further, the applicant or tenderer must be excluded if the convicted person is authorised to represent, monitor or make decisions in the board, management or supervisory committee of the applicant or tenderer. Please refer to "Additional information" below for the required documentation.
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Ordregivende myndighed
Navn og adresser
Navn: Lønmodtagernes Dyrtidsfond ('LD Pensions')
Nationalt registreringsnummer: 61552812
Postadresse: Dirch Passers Allé 27, 2
Postnummer: 2000
Postby: Frederiksberg
Region: Byen København 🏙️
Land: Danmark 🇩🇰
Enhed: Michael Kjærbye-Thygesen
E-mail: mkt@ld.dk 📧
Telefon: +45 29 69 52 55 📞
URL: https://www.ld.dk/ 🌏
Gruppeleder ✅
Køberprofilens adresse: https://eu.eu-supply.com/ctm/company/companyinformation/index/352919 🌏
Den ordregivende myndigheds type
Offentligretligt organ
Hovedaktivitet
Økonomiske og finansielle anliggender
Oplysninger om fælles indkøb
Kontrakten omfatter fælles indkøb ✅
Kommunikation
URL til dokumenter: https://eu.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=415043&B= 🌏
URL for deltagelse: https://eu.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=415043&B= 🌏
Elektronisk indgivelse: Påkrævet

Supplerende oplysninger
Yderligere oplysninger
In accordance with Act no. 953 2.6.2016 (Lov om Klagenævnet for Udbud m.v.), the deadlines for sub-mitting a complaint are the following: Complaints about a candidate not being selected must be filed within 20 calendar days starting the day after the Contracting Authority sent notification to the candidates involved, cf. Section 171 of the Danish Public Procurement Act or Section 2, 1) no. 1 of the same Act, provided that the notification includes a short account of the relevant reasons of the decision. Complaints about the award procedure must be lodged with the Danish Complaints Board for Public Procurement before the expiry of: 1) 45 calendar days after the Contracting Authority has published a notice in the official Journal of the European Union (with effect from the day following the publication date); 2) 30 calendar days from the day following the day on which the contracting authority has informed the tenderers that the contracting authority has entered into a contract based on a Framework Agreement with reopening of competition or a dynamic purchasing system if the notification includes a sort account of the relevant reasons for the decision. 3) 6 months after the Contracting Authority has signed a Framework Agreement from the day following the day that the Contracting Authority has notified the tenderers, cf. Section 2, 2) of the Act or Section 171, 4) of the Danish Public Procurement Act. 4) 20 calendar days from the day after the day the Contracting Authority has announced its decision see Section 185, 2) of the Danish Public Procurement Act. 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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Organ med ansvar for mæglingsprocedurer
Navn: Konkurrence- og Forbrugerstyrelsen
Nationalt registreringsnummer: 10294819
Postadresse: Carl Jacobsens Vej 35
Postnummer: 2500
Postby: Valby
Region: Byen København 🏙️
Land: Danmark 🇩🇰
E-mail: kfst@kfst.dk 📧
Telefon: +45 41715000 📞
URL: http://www.kfst.dk 🌏
Gennemgå organ
Navn: Klagenævnet for Udbud
Nationalt registreringsnummer: 37795526
Postadresse: Nævnenes Hus, Toldboden 2
Postnummer: 8800
Postby: Viborg
Region: Vestjylland 🏙️
E-mail: klfu@naevneneshus.dk 📧
Telefon: +45 35291000 📞
URL: https://naevneneshus.dk/start-din-klage/klagenaevnet-for-udbud/vejledning/ 🌏
Tjeneste, hvorfra der kan indhentes oplysninger om klageproceduren
Samme som: Organ med ansvar for mæglingsprocedurer
Gennemgangsprocedure
Præcise oplysninger om fristerne for gennemgangsprocedurer:
In accordance with Act no. 953 2.6.2016 (Lov om Klagenævnet for Udbud m.v.), the deadlines for sub-mitting a complaint are the following: Complaints about a candidate not being selected must be filed within 20 calendar days starting the day after the Contracting Authority sent notification to the candidates involved, cf. Section 171 of the Danish Public Procurement Act or Section 2, 1) no. 1 of the same Act, provided that the notification includes a short account of the relevant reasons of the decision. Complaints about the award procedure must be lodged with the Danish Complaints Board for Public Procurement before the expiry of: 1) 45 calendar days after the Contracting Authority has published a notice in the official Journal of the European Union (with effect from the day following the publication date); 2) 30 calendar days from the day following the day on which the contracting authority has informed the tenderers that the contracting authority has entered into a contract based on a Framework Agreement with reopening of competition or a dynamic purchasing system if the notification includes a sort account of the relevant reasons for the decision. 3) 6 months after the Contracting Authority has signed a Framework Agreement from the day following the day that the Contracting Authority has notified the tenderers, cf. Section 2, 2) of the Act or Section 171, 4) of the Danish Public Procurement Act. 4) 20 calendar days from the day after the day the Contracting Authority has announced its decision see Section 185, 2) of the Danish Public Procurement Act. 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 com-plaint 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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Oplysninger om elektroniske arbejdsgange
Elektronisk fakturering vil blive accepteret
Kilde: OJS 2024/S 205-634140 (2024-10-17)
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Region:
Danmark Danmark Hovedstaden Byen København Midtjylland Vestjylland
Produkter/tjenester:
Finansielle tjenester og forsikringstjenester Bank- og investeringstjenesteydelser Porteføljeforvaltning