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Requests for proposals in progress


Request for proposals dated 23 May 2017 related to the awarding of several portfolio management mandates

FDC's Board of Directors approved, during its meeting of 18 May 2017, to launch a request for proposals regarding the attribution of several portfolio management mandates on behalf of FDC's SICAV. In fact, the existing legislation with regard to public tenders foresees a maximum period of ten years for all mandate awarded to a service provider, knowing that various mandates of FDC's SICAV covering portfolio management services are running since 2007. More precisely, the given request for proposals relates to the awarding of six existing mandates to be reassigned and one new mandate and is divided into 4 lots, namely:

  • Lot 1 « EUR denominated Money Market, Active, Sustainable Approach », related to a EUR denominated money market mandate to be actively managed and with an indicative amount of assets of EUR 180 million;
  • Lot 2 « EUR denominated Bonds, Active, Sustainable Approach », related to three EUR denominated bonds mandates to be actively managed and with an indicative amount of assets of EUR 750 million per mandate;
  • Lot 3 « Global Bonds, Active, Hedged, Sustainable Approach », related to a hedged global bonds mandate to be actively managed and with an indicative amount of assets of EUR 690 million;
  • Lot 4 « Global Equities, Indexed », related to two global equities mandates to be managed passively and with an indicative amount of assets of EUR 1.35 billion per mandate.

For Lot 1, Lot 2 and Lot 3, every tendering company must include a sustainable approach/sustainable research into its investment strategy and decision making process applied throughout the management of the given mandate. The type, scale and portfolio-impact of this sustainable approach/research are not predefined by the FDC and can therefore have various forms (positive or negative screening approach, best-in-class approach, thematic investments, engagement approach, etc.). In this context, it is possible to tender with an explicit sustainable investment strategy or with an investment strategy that will consequently be adapted for the given mandate by adding a sustainable approach/sustainable research to fulfil the sustainable criteria associated to the respective mandate.

The contract notice of the given request for proposals is published at the Portail des marchés publics du Grand-Duché de Luxembourg, in the Luxembourg press and in the Supplement to the Official Journal of the European Union (OJEU). During the given request for proposals, FDC might also award stand-by mandates.

The consultation guidelines are available at the "Downloads" sub-folder knowing that the deadline for obtaining the consultation documents and thus participating to the given request for proposals has been set to the 30 June 2017.

The answers to the clarification questions are published at the "Questions & Answers" sub-folder.

The awarding of the contract shall be pronounced by FDC's Board of Directors knowing that the notification of the awarding decision is planned for the 15 December 2017.