Portfolio Management Services Procurement Of Asset Management Services For The City Of Mikkeli. The City Of Mikkeli Requests Offers For Financial Management Of Full Power Of Attorney For Stock And Interest Investments, As Well As Full Power Of Attorney Financial Management Or Consultative Financial Management Of Alternative Investments In Accordance With The Request For Tender And Its Appendices. If Alternative Investments Are Offered With Full Power Of Attorney Financial Management, The Agreement Can Be Separate From The Full Power Of Attorney Financial Management Of Stock And Interest Investments. This Is A Service Procurement That Exceeds The Eu Threshold. The Investable Assets Of The City Of Mikkeli Are Around 80 Million Euros. The Request For Tender Includes A Share Of Around 80 Million Euros. 3 Asset Managers For Equity, Interest And Alternative Investments Will Be Applied For In Order To Manage This Asset Lot, Which Means That The Outsourced Portfolio Will Be Approx. 26.7 Million Euros Per Asset Manager. The Agreements Are Valid Until Further Notice. The Chosen Service Providers Do Not Have The Exclusive Right To Produce The Services That Are The Subject Of Procurement. At A Later Stage, The Procurement Entity Reserves The Right To Increase Or Decrease The Asset Managers Investable Assets. The Procurement Unit Makes A Decision At A Later Stage On How To Allocate Possible Additional Investments Or Reductions In Investments From The Wealth Managed By The Asset Manager Based On What Is Appropriate In Terms Of The Goals Set For The Investment Activity. In The Procurement Procedure, Bids Must Be Submitted In Accordance With The Limits Allowed By The Investment Plan Attached To The Request For Bids And The Basis Of The Investment Activity. Appendices 1 And 2 Of The Request For Tenders. The Measures And Procedures Of The Start-Up Phase Are Negotiated Separately With The Service Providers When The Contract Is Concluded, In Which Case The Contract With The Chosen Fund Managers Defines The Period Of Time In Which The Agreed Investment Policy Will Be Followed. The Goal Of The City Of Mikkeli Is To Ensure High-Quality, Responsible And Competitive Asset Management In Accordance With The Principles Of Capital Investment Activities Entrusted To Asset Management. The Asset Manager Reports Monthly To The City Of Mikkeli On Asset Management In Accordance With The Investment Plan. The Agreement Enters Into Force Six Months After The Submission Of The Offer Or, If Agreed, Earlier, After The Procurement Decision Has Entered Into Force. The City Of Mikkeli Is A Non-Professional Investor At The Time Of The Tender.
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