Tender

Provision of Multi-Asset Credit Mandates for the Hampshire Pension Fund

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Tender

15 Jun 2018 at 09:42

Tender Notice
Summary of the contracting process

The Hampshire County Council is conducting a tender process for the "Provision of Multi-Asset Credit Mandates for the Hampshire Pension Fund". This procurement falls under the services category, specifically for pension fund management services, and is located in Hampshire, UK. The tender is currently active, with a submission deadline set for 16th July 2018. The contract is scheduled to commence on 1st November 2018 and will last for five years, aiming to appoint up to three investment managers to achieve specified investment returns.

This tender presents a significant opportunity for businesses in the financial services sector, particularly those specialising in investment management and high-yield credit instruments. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) would be well-suited to compete, as the procurement method is an open procedure, allowing for a wide range of bidders. Companies with expertise in managing multi-asset credit portfolios, particularly those familiar with North American and European corporate debt, stand to benefit greatly from this contract.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Provision of Multi-Asset Credit Mandates for the Hampshire Pension Fund

Notice Description

The Hampshire Pension Fund was valued at PS6.6bn at its last financial year end in March 2018 and has a strategic asset allocation to multi-asset credit of 10%, which is a new addition to its investment strategy. The Pension Fund will appoint a maximum of three investment managers to manage the multi-asset credit mandates. The overall mandate objective is to achieve a return of UK 3 month LIBOR plus 3-5% per annum net of fees, over three and five year rolling periods. The mandate should seek to achieve its return objective by investing primarily in a portfolio of high yield fixed and floating rate corporate debt instruments issued by North American and European companies. The Contract will commence on 1st November 2018 and will be for a period of five years. Interested parties should register their interest in the project via the In-Tend website https://in-tendhost.co.uk/hampshire, and complete and submit the tender return document together with any supporting information requested by 14.00 hrs on Monday 16th July 2018. Additional information: Is a Recurrent Procurement Type? : Yes

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-30fa9164-4dbb-4d27-9879-ce1ace2bf89c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2ceb19ef-eacc-4dcf-9c30-42d7a66f0b7b
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66141000 - Pension fund management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Jun 20187 years ago
Submission Deadline
16 Jul 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Nov 2018 - 31 Oct 2023 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
HAMPSHIRE COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HAMPSHIRE
Postcode
SO23 8UJ
Post Town
Southampton
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
TLJ South East (England)
Local Authority
Winchester
Electoral Ward
St Michael
Westminster Constituency
Winchester

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-30fa9164-4dbb-4d27-9879-ce1ace2bf89c-2018-06-15T10:42:25+01:00",
    "date": "2018-06-15T10:42:25+01:00",
    "ocid": "ocds-b5fd17-30fa9164-4dbb-4d27-9879-ce1ace2bf89c",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CO12563",
        "title": "Provision of Multi-Asset Credit Mandates for the Hampshire Pension Fund",
        "description": "The Hampshire Pension Fund was valued at PS6.6bn at its last financial year end in March 2018 and has a strategic asset allocation to multi-asset credit of 10%, which is a new addition to its investment strategy. The Pension Fund will appoint a maximum of three investment managers to manage the multi-asset credit mandates. The overall mandate objective is to achieve a return of UK 3 month LIBOR plus 3-5% per annum net of fees, over three and five year rolling periods. The mandate should seek to achieve its return objective by investing primarily in a portfolio of high yield fixed and floating rate corporate debt instruments issued by North American and European companies. The Contract will commence on 1st November 2018 and will be for a period of five years. Interested parties should register their interest in the project via the In-Tend website https://in-tendhost.co.uk/hampshire, and complete and submit the tender return document together with any supporting information requested by 14.00 hrs on Monday 16th July 2018. Additional information: Is a Recurrent Procurement Type? : Yes",
        "datePublished": "2018-06-15T10:42:25+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66141000",
            "description": "Pension fund management services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "SO23 8UJ"
                    },
                    {
                        "region": "South East",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (above threshold)",
        "tenderPeriod": {
            "endDate": "2018-07-16T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2018-11-01T00:00:00Z",
            "endDate": "2023-10-31T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/2ceb19ef-eacc-4dcf-9c30-42d7a66f0b7b",
                "datePublished": "2018-06-15T10:42:25+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Additional information on how to apply for this contract",
                "url": "https://in-tendhost.co.uk/Hampshire/aspx/"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-41378",
            "name": "Hampshire County Council",
            "identifier": {
                "legalName": "Hampshire County Council"
            },
            "address": {
                "streetAddress": "The Castle, Winchester",
                "locality": "Hampshire",
                "postalCode": "SO23 8UJ",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Stevie Fountain",
                "email": "stevie.fountain@hants.gov.uk",
                "telephone": "01962 826906"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-41378",
        "name": "Hampshire County Council"
    }
}