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Requests for proposal concerning the SICAV

As a public institution, FDC is required to select its service providers in accordance with the Luxembourgish procurement legislation. More precisely, FDC is subject to the provisions of the law of 8 April 2018 regarding public procurements when selecting its service providers.

The given law foresees that electronic communication is mandatory for contracts exceeding the European thresholds launched after 18 October 2018. All communication between the publication of the contract notice and the order placement is concerned by this obligation and needs therefore to be done through the dedicated public tender portal Portail des marchés publics (www.pmp.lu) (www.marches-publics.lu).

Thus, every company that wishes to participate in a tender concerning the awarding of portfolio management mandates on behalf of FDC’s SICAV needs to, among others, download the tender documents, introduce its questions of clarification and submit electronically its offer, the latter also being signed electronically, via the above-mentioned portal.

Hence, FDC invites every company to inform themselves as of now of these new modalities by consulting the official website www.marches-publics.lu and to verify if they have the necessary means of authentication (connection via LuxTrust product, connection via eIDAS, etc.). 

In addition to the legal publications, FDC announces the launch of its requests for proposal also via its website.

Currently, there is no request for proposal in progress.

 

Winners of the last request for proposal: request for proposal dated 10 September 2019 related to the awarding of several portfolio management mandates

FDC's Board of Directors approved during the month of July the launch of a new request for proposal regarding the attribution of several portfolio management mandates on behalf of FDC's SICAV.

More precisely, the given request for proposal related to the awarding of three existing mandates to be passively managed and was divided into three lots, namely:

  • Lot 1: "EUR denominated Bonds" related to an in euro denominated bonds mandate to be passively managed with an indicative amount of assets of EUR 1.955 billion;
  • Lot 2: "Global Bonds, hedged" related to a global bonds mandate to be passively managed and to be hedged against exchange rate risk with an indicative amount of assets of EUR 2.285 billion;
  • Lot 3: "Emerging Markets Equities" related to an emerging markets equities mandate to be passively managed with an indicative amount of assets of EUR 675 million.

The contract notice of the given request for proposal has been 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 proposal, the FDC foresaw also to award standby mandates.

The awarding of the contract has been pronounced by FDC's Board of Directors on 27 February 2020. Thus, the mandates have been awarded to:

Lot 1: EUR denominated Bonds - Indexed:

  • Credit Suisse Asset Management (Switzerland) Ltd., Zurich
  • State Street Global Advisors Limited, Dublin (standby mandate)

Lot 2: Global Bonds - Indexed:

  • BlackRock Investment Management (UK) Limited, London
  • Credit Suisse Asset Management (Switzerland) Ltd., Zurich (standby mandate)

Lot 3: Emerging Markets Equities - Indexed:

  • Pictet Asset Management SA, Geneva
  • Credit Suisse Asset Management (Switzerland) Ltd., Zurich (standby mandate)