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Previndai – Fondo di Previdenza a Capitalizzazione per i Dirigenti di Aziende Industriali, Fondo Pensione – with a capital of more than € 3 billions allocated among an insurance and two financial portfolios, supported by its Advisor, Mr. Sebastiaan Schrikker of Link Institutional Advisory, Lugano, Switzerland, has launched an investment manager search concerning the following mandates:
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a)
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Euro Bonds
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(A+ or better; S & P rating; active management of duration; duration of mandate 4 years) ;
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b)
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Euro Bonds
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(min. 65% A+ or better, max. 35% A down to BBB-; S & P rating; active management of duration; duration of mandate 3 years) ;
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c)
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Global Bonds
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(min. 65% A+ or better, max. 35% A down to BBB-; S & P rating, min. 65% EUR denominated, max. 35% non EUR denominated; active management of duration; duration of mandate 3 years) ;
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d)
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European Equities
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(large- & mid- caps listed on Pan-European Stock Exchanges, incl. United Kingdom, Scandinavian countries and Switzerland; duration of mandate 4 years) ;
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e)
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U.S. Equities
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(small- & mid- caps listed on USA markets; duration of mandate 3 years) ;
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f)
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Italian Equities
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(from large- to small- caps listed on the Italian market; duration of mandate 4 years) ;
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g)
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Asian Equities
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(ex. Japan, incl. among others China, India & Australia, hedged in EUR; harmonised funds as investment vehicle are being considered for management efficiency; duration of mandate 3 years).
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Interested investment managers shall accept that the agreement entered between the parties should be regulated exclusively by the Italian Law, being Rome the court having jurisdiction. Furthermore, they shall be suitable for satisfying the provisions of art. 6 of Italian Legislative Decree 252/2005; the above mentioned condition shall have been acquired at the moment the agreement is being entered. A representative office in Italy is not a mandatory requirement.
No delegation to third parties external to the group shall be allowed.
The search aims at identifying the investment managers to whom the newly established mandates shall be granted (Global Bonds, U.S. Equities, Italian Equities, Asian Equities) and moreover at verifying the investment managers of the existing mandates (Euro Bonds and European Equities). New mandates shall start during the 1st semester of 2008.
The assessment of the questionnaires, which can be downloaded clicking above on each mandate's name, shall lead to the short-listing of the applicants. Those included in the short-list shall be interviewed individually by Previndai and its Advisor, about further details not included in the abovementioned questionnaires.
The questionnaires shall be addressed to Previndai, Via Palermo 8, 00184 Rome – Italy, for the attention of Dott. Franco Di Giovambattista, Manager Director of Previndai. Closing time for the application is Wednesday, November 21, 2007 at 2.00 p.m. (CET). Questionnaires must be sent in a sealed envelope, with the following writing clearly visible: "Investment manager search", containing two duly signed paper copies and other two copies on two separate CDs or DVDs.
The Fund reserves the right not to launch the new mandates if, at its own unquestionable judgement, the results of the present search shall not be considered satisfying.
This notice is also available in Italian on the Website www.previndai.it.
Further general information about the Previndai Pension Fund can be found on the same Website, while information regarding above mentioned Italian Legislative Decree can be found on the COVIP website www.covip.it.
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