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Acquisition of asset management services by Mela Farmers' Social Insurance Institution - EU tenders
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Acquisition of asset management services by Mela Farmers' Social Insurance Institution Text automatically translated in your browsing language Automatically translated

  • Published
    04/02/2025
  • Today
    10/02/2025
  • Deadline
    11/03/2025
  • Opening of tenders
    11/03/2025
Status
Published
Type of contract
Services
Subject for Renewal
No
Buyer
Maatalousyrittäjien eläkelaitos
Place of performance
NUTS code: anyw
Location of buyer
NUTS code: FI1B1 Helsinki-Uusimaa
Business sector (Main CPV)
66140000 Portfolio management services
Total estimated contract value (excluding VAT)
4,200,000.00 EUR
Total final contract value (excluding VAT)
Not available
Tender reference number
543922
Description

Mela asks for offers for full proxy asset management for liquid equity and fixed income investments. The procurement procedure is subject to an open procedure in accordance with section 32 of the Act on Public Procurement and Concession Contracts (1397/2016). This is a purchase above the EU threshold. The contract to be concluded is for an indefinite period. The financial assets managed by Mela are invested in equity, fixed income, real estate and alternative investment categories. Invested assets are managed partly by Mela's internal resources and partly by asset managers with full mandates. Mela is a professional investor at the time of tendering. The share of financial assets tendered in accordance with this invitation to tender consists of liquid fund-based equity and fixed-income investments and is approximately EUR 210 million. Three asset managers will be sought through a call for tenders, in which case each asset manager's share of outsourced financial management would, as a rule, be approximately EUR 70 million. Mela's objective with regard to outsourced financial management is to ensure high-quality, responsible and competitive financial management in accordance with the principles of Mela's investment operations. The amount of assets managed by asset managers may change during the contract period. Mela makes the decision on any additional investments or reductions in investments at its own discretion, depending on what is appropriate in view of the objectives set for the investment activity. Instruments used in investment activities are denominated in euro and reported in euro. In the mandates of the full power of attorney, the sub-asset types of investments are as follows: • Equity funds in the investment allocation sub-categories Finland, Europe, North America and Emerging Markets • fixed-income funds in the investment allocation sub-categories Investment Grade, High Yield, and Emerging Markets The target allocation for asset managers and their margins is essentially as follows: Total Equity Investments (Minimum 45%), (Target Allocation 67%) (Maximum 85%) Equity Investments- Finland (Target Allocation 8%) Equity Investments- Europe (Target Allocation 15%) Equity Investments- North America (Target Allocation 24%) (Maximum 35%) Equity Investments- World (Target Allocation 11%) (Maximum 20%) Emerging Markets (Target Allocation 8%) (Maximum 10%) Equity Investments- Total (Minimum 15%) (Target Allocation 33%) (Maximum 55%) Equity Investment Grade (Target Allocation 18%) Equity Investments- High Yield (Target Allocation 8%) (Maxim 12%) Equity Investments- Emerging Markets (Target Allocation 8%) (Maximum 10%) Mela may instruct asset managers in deviation from the target shares and limits defined above. The objective of asset managers is to generate the best possible return on invested assets compared to the benchmark index, taking into account risk constraints. The indices to be used for comparison are as follows: Equity investments: Finland OMX Helsinki Benchmark Capped TR (GDR) Europe MSCI Europe (NDR) North America MSCI North America (NDR) World MSCI World (NDR) Emerging Markets MSCI Emerging Markets (NDR) Investment Grade ICE BofA Euro Corporate Index (ER00) High Yield ICE BofA Global HY Constrained (Hedged EUR) Emerging Markets JP Morgan EMBI Global Diversified (Hedged EUR) At least 80% of the assets managed by asset managers must meet the conditions set out in Articles 8 or 9 of the SFDR. The aim is that the contract will enter into force three months after the submission of the tender or upon earlier agreement on the finality of the procurement decision. The start-up measures and procedures are negotiated with the service providers when the contract is signed separately, in which case the contract with the selected asset managers determines the timeframe for which the agreed investment plan will be followed and the funds transferred. The tendering process includes an interview phase. The five best candidates, measured by the quality criteria of the call for tenders, who meet the minimum and suitability requirements of the call for tenders, will be invited to an interview. The interviews will be held from 9 to 10 April 2025 at Mela's premises in Espoo. Planned timetable for the tendering process: - Deadline for submitting tenders 11.3.2025 - Results of tendering completed 11.4.2025 - Mela's Board of Directors makes a decision on new asset managers and termination of old contracts 22.4.2025 Text automatically translated in your browsing language Automatically translated

Submission Method
Electronic via:
https://tarjouspalvelu.fi/mela?id=543922&tpk=0bcf158b-91dc-4e6b-934c-6f856cd16982
Tenders may be submitted
Electronic submission: required
https://tarjouspalvelu.fi/mela?id=543922&tpk=0bcf158b-91dc-4e6b-934c-6f856cd16982
Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)
Not available
Conditions for opening tenders (date)
11/03/2025 11:15
Place of performance
CPV code

66140000 - Portfolio management services

66141000 - Pension fund management services CVP code deduced from the text of the procedure AI-generated

Award method
Laatu
Estimated value
4,200,000.00 EUR
Final contracted value
Not available
Award of contract
Not available
Prior information
Contract
Award
Footnote - legal notice

This content published on this page is meant purely as an additional service and has no legal effect. The Union's institutions do not assume any liability for its contents. The official versions of the relevant tendering notices are those published in the Supplement of Official Journal of the European Union and available in TED. Those official texts are directly accessible through the links embedded in this page. For more information please see Public Procurement Explainability and Liability notice.