Procurement of Asset Management Services for the City of Kuhmo

Summary

The City of Kuhmo is procuring discretionary asset management for approximately EUR 26 million of investment assets, divided into two lots of approximately EUR 13 million each. Each portfolio will include equity and fixed-income investments managed in accordance with the city’s investment policy. The contract term is six years, with two optional one-year extensions; the city intends to conclude separate contracts with two different providers.