18 November 2010
Award of Tender for Analysis of environmental, social and ethical aspects including advice
Third Swedish National Pension Fund has decided to sign framework agreements with Ethix SRI Advisors, GES Investment Services, Northwest & Ethical Investments and Sustainalytics for the possibility of delivering analysis concerning environmental, social and ethical aspects and advice.
Award of tender >>
Tender (down load RFI here)
11 November 2010
Award of tender for external managers - corporate credit (USD, EUR, GBP)
The Third Swedish National Pension Fund (AP3) has after extensive evaluation approved to sign agreements with 15 new external managers within the area of corporate credit, regional mandates.
Award of tender >>
Tender notice >>
22 December 2009
Contract Award Notice - Procurement of a Global Voting Service
The First to Fourth AP Funds (The Funds) have carried out a procurement of a Global Voting Service.
After extensive evaluation of different suppliers and their systems, we have decided to award Manifest Information Services Limited the contract.
The tender is now closed.
Award of tender >>
28 May 2009
Contract Award Notice - Procurement of an Order & Execution Management System
Reference number 2009/009
After extensive evaluation of different suppliers and their systems, we have decided to award Bloomberg the contract.
The tender is now closed.
- The reasons why AP3 selected Bloomberg’s AIM system:
- The most economically beneficial system for us with the lowest total cost of ownership.
- Lowest costs to our brokers (network access).
- ASP solution.
- Efficient market data and static data solution for the OEMS.
- Wide market, product and broker coverage, with extensive functionality.
- Fixed price regardless of number of users.
- Large, profitable and broker-neutral company.
- Reference customers.
Tender >>
Contract Notice >>
24 October 2007
Award of tender for external managers global enhanced indexing
The Third Swedish National Pension Fund (AP3) has after extensive evaluation approved and signed Framework Agreements with 13 new external managers within the area of Enhanced Indexing, global and/or regional mandates.
Note that this decision only states that the manager has been approved for management of Enhanced Indexing mandates. Activation of potential mandates is a separate decision, at the discretion of AP3 which will be taken at a later stage.
Approved managers (in alphabetic order)
- Barclays Global Investors Limited
- Credit Suisse
- Deutsche Asset Management International GmbH
- DLIBJ Asset Management International Ltd.
- Enhanced Investment Technologies LLC
- Goldman Sachs Asset Management International
- Henderson Global Investors Limited
- Invesco Asset Management Deutschland GmbH
- PanAgora Asset Management Inc.
- Quantitative Management Associates LLC
- Société Générale Asset Management S.A.
- State Street Global Investors Limited
- Union PanAgora Asset Management GmbH
The decision is based on the total assessment of the managers ability to deliver sustainable positive risk adjusted excess return in the long term. The basis for the assessment is an evaluation of the investment philosophy, investment process, evidence that the process has generated positive risk adjusted excess return, experience and stability of the investment team and the organisation and the level of investment management costs. Diversification between investment processes has also been taken into account.
The duration of the Framework Agreement is 8 years.
The tender consists of the following two documents:
Tender >>
Appendix>>
Stockholm 29 June 2007
Award of tender for externally managed GTAA mandates
The Third Swedish National Pension Fund (AP3) has after extensive evaluation approved twelve (12) new external managers within the area of Global Tactical Asset Allocation (GTAA).
Note that this decision only states that the manager has been approved for management of GTAA mandates. Activation of potential mandates is a separate decision, at the discretion of AP3.
Approved managers (in alphabetic order)
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Aspect Capital
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Bridgewater Associates
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La Compagnie Benjamin De Rothschild
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Crédit Agricole Asset Management
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Goldman Sachs Asset Management
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INVESCO
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IPM
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Lehman Brothers Asset Management
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Mellon Capital Management
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Morley Fund Management Group
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PanAgora Asset Management
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Sinopia Asset Management
The decision is based on the assessment of the managers ability to deliver sustainable positive risk adjusted excess return in the long term. The basis for the assessment is an evaluation of the investment philosophy, investment process, evidence that the process has generated positive risk adjusted excess return, experience and stability of investment team as well as stability of organisation. Diversification between investment processes has also been taken into account.
Award of tender >>
Read more >>
Stockholm 8 December 2006
Award of tender for ethical and environmental analysis including advice
Following the invitation to tender for ethical and environmental analysis including advice (contract no. 2006/0153), the Third Swedish National Pension Fund (AP3) has accepted the tender offer of GES Investment Services.
The reasons for the award are as follows:
GES Investment Services’ tender was considered to be the most financially attractive. The company offers a comprehensive solution covering all the aspects specified in the tender:
- High-quality analysis regarding compliance with conventions applicable to companies within the AP funds’ investment remit.
- High-quality company analysis focused on ethical and environmental factors.
- Advisory services and comprehensive support relating to discussions with companies on ethical and environmental issues.
GES Investment Services also meets the tender requirement of geographic proximity and ability to communicate in Swedish. The company’s comprehensive solution facilitates and provides flexibility in the funds’ ethical and environmental analysis and dialogue with companies on these issues. The tender offer is also financially attractive.