Copenhagen Port pension tenders fund management
DENMARK - The DKK 265m (€36m) Københavns Havns Pensionskasse has issued a tender for fund management services to the scheme.
The pension scheme has 110 members comprised of former employees from Københavns Havn (the Port of Copenhagen), which was merged into Udviklingsselskabet By & Havn I/S, an urban development corporation with responsibilities including the development of the city and the port of Copenhagen.
The scheme's asset allocation currently focuses on "safety and low risk investments" and is seeking fund management services to operate a strategy of between 0-25% in stocks and 60-100% in bonds.
The successful manager will be required to report regularly to the fund, in Danish, and complete valuations in accordance with Danish legislation.
The closing date for tender submissions is 12 March 2010 and further information can be obtained from Udviklingsselskabet By & Havn I/S.
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