Contract notice: Portfolio management services Tender, Sweden - 23139898

Procurement Summary

Country : Sweden

Summary : Contract notice: Portfolio management services

Deadline : 29 Jun 2018

Other Information

Notice Type : Tender

TOT Ref.No.: 23139898

Document Ref. No. : 200941-2018

Competition : ICB

Financier : Self Financed

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

Purchaser : FIRST SWEDISH NATIONAL PENSION FUND
Office Name: First Swedish National Pension Fund
Address: Regeringsgatan 28, PO Box 16294
Town: Stockholm
Postal Code: S-103 25

Attention: Tina Rönnholm
Phone: +46 856620200
Sweden
Email :procurement.201825@ap1.se
URL :www.ap1.se

Tender Details

Object of the contract
Portfolio management services

Description: Contract notice: Portfolio management services

Authority Type: National or federal Agency/Office
Contact Nature: Services
Procedure: Open procedure
Document: Contract notice
Regulation: European Union, with participation by GPA countries
Award criteria: The most economic tender
CPV code: 66140000, 66130000, 66140000, 66130000
CPV Description: Tender for Investment Management — Global Emerging Markets Equity

Portfolio management services.

Brokerage and related securities and commodities services.

Foersta AP-fonden (AP1, the Fund) manages assets with a value of 333 000 000 000 SEK (as of December 31, 2017). AP1 is one of the buffer funds assigned by the Swedish Parliament (Riksdagen) to manage the Swedish people's pension funds. Combined with well-balanced financial risks our mission is to achieve the highest possible return on the Fund's invested assets and thereby contribute to a strong and predictable old-age pension for current and future pensioners. More information about our portfolio and how we have built up our management organisation to enable the fulfilment of the set goals is presented on our web-site: www.ap1.se.

The Fund's assets are managed both internally and externally. Management areas where the Fund does not possess or has difficulty in obtaining the right expertise are managed externally.

Since the Fund is a governmental institution (central level) the tender procedure is regulated in the European Procurement legal framework, primarily in Directive 2014/24/EU.

Furthermore, the Fund has a Sustainability policy that applies to the entire fund, including externally managed mandates. The complete policy document is available for download at www.ap1.se.

The tender is open for the following strategies:

— Global Emerging Markets (Equity).

Active and Passive strategies will be evaluated as well as different investment styles (Fundamental, Quant etc.). Strategies solely investing in EM Small Cap or Frontier Markets are not part of this tender process and will not be evaluated.

The investment company must be able to document experience in management of institutional accounts for the specified mandate. The manager must be able to show a live GIPS compliant track record for the offered product of at least 12 full months at the time of submission. The manager must also reserve capacity in the submitted strategy of at least 300 000 000 USD.

In the evaluation process special attention will be paid to how the manager considers and integrates ESG factors in the investment process. Expressions of interest must be accompanied by information/documentation in respect of the following:

1. Registration with relevant regulatory authorities;

2. Recent annual report (or similar document);

3. CV's for the CEO and the board members or equivalent for the relevant entity;

4. A full list of portfolio holdings for the offered product, including ISIN identifier, nominal holding and market value of the most recent quarter, in the Excel spreadsheet provided;

5. Monthly returns for the composite and the benchmark in the excel spreadsheet provided by AP1;

6. A sample of the reports made available to clients, including performance and risk reports

The company must be able to document experience in management of institutional accounts for the following mandate:

— Global Emerging Markets Equities.

To participate in this tender you are requested to:

1. Complete the online questionnaire (RFP) according to the instructions in section VI.3. Submission sent through other means than the online portal will not be considered;

2. Send the requested additional information to the email address procurement.201825@ap1.se.


Internet address (URL): www.ap1.se
Directive: Classical Directive (2004/18/EC)

Documents

 Tender Notice