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Tender High Grade European Asset Backed Securities

LD Pensions hereby initiates the tender for an Investment Management Agreement for a High Grade European Asset Backed Securities mandate.

Mandate

The mandate invests in Investment grade liquid (primarily European) ABS including but not limited to the following major securitised sectors: residential mortgage, credit card receivables, consumer and commercial business lending, collateralised loans obligations (leverage loans and small and medium enterprises), autos, etc. The mandate should exclude commercial mortgage backed securities (CMBS) and esoteric ABS sectors i.e. shipping containers, aircraft, royalties etc. The mandate should only purchase asset-backed securities, not “unsecuritised” assets (i.e. not whole loans).

The investment objective is to deliver a stable return stream of EURIBOR + 150 bps net of currency hedge over a business cycle. Additionally, the manager shall have regard to LD Pensions’ objective of achieving an excess return over European Investment Grade Corporate Bonds.

Procedure

The procurement is conducted as an open procedure under the Public Procurement Act according.

Information about the tender

The contract notice is published in the Official Journal of the European Union/TED (Tender Electronic Daily) – contract notice 2021/S 028-069441.

Tender documents and information about the tender are available on EU-supply. All communication regarding the tender will be via EU-supply.com. LD Pensions will not communicate directly with any manager regarding this tender process.

Personal data

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