Tender

Contract for Investment Manager for Endowment Funds

UNIVERSITY OF READING

This public procurement record has 5 releases in its history.

TenderAmendment

03 Sep 2019 at 11:48

Tender Notice
TenderAmendment

03 Sep 2019 at 11:48

Tender Notice
TenderAmendment

03 Sep 2019 at 11:48

Tender Notice
TenderAmendment

03 Sep 2019 at 11:48

Tender Notice
Tender

22 Aug 2019 at 15:11

Tender Notice
Summary of the contracting process

The University of Reading is currently seeking an Investment Manager for its Endowment Funds, managing over £120 million across various asset classes. This procurement falls under the services category, specifically related to banking and investment services, and follows a selective procurement method via restricted procedure. The tender period concludes on 26th September 2019 at noon, after which no further submissions will be accepted. The successful bidder will have a contract period starting from 6th January 2020 for a duration of ten years, located in the South East region of the United Kingdom.

This tender presents an excellent opportunity for investment management firms with a strong expertise in handling significant endowment portfolios, particularly those who can also offer advisory services. Businesses with experience in managing diverse asset classes, including equities, bonds, private equity, and infrastructure assets, are well-suited to compete in this tender process. As the University of Reading is open to expanding the scope of management to include other asset types, firms that can showcase their capacity for growth and adaptability will be favourably considered.

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Notice Information

Notice Title

Contract for Investment Manager for Endowment Funds

Notice Description

The University of Reading has a number of endowment assets held across a variety of classes, including agricultural land and investment properties, as well as more traditional endowment funds. The total amount held within these endowment funds (mainly equities and bonds) totalled PS122.8m at 31 July 2019. The University of Reading and its associated Trusts and subsidiaries (the "University Group"), will appoint the Bidder who can manage the PS120m+ of endowment portfolios as currently constituted, but with the capacity and expertise to expand the remit if required to include other classes of asset (such as private equity and infrastructure assets). This tender is for Investment Manager only, but the University is also interested in certain additional services. This is investment advice on a wider portfolio of assets. To this end, a second optional section and series of questions has been included. This section is not compulsory, but should prospective managers answer these questions they will carry an overall weighting of 10% in the final scoring. This is the additional value that the University places on these investment advisor services. However, the University does not want to dissuade interest from those only looking to manage the core endowment funds portfolio, and therefore the weighting of 90% reflects the fact that this is the key focus of the tender. Additional information: 3. All submissions in respect of this Selection Questionnaire should be made by uploading documents using the same e-tendering systems where documents were downloaded: https://in-tendhost.co.uk/theuniversityofreading/ 4. Multiple documents can be uploaded. There is an individual file size restriction of 20 Megabytes per upload on this website but there may also be limits at the sending site. 5. Submissions sent by any other means or to any other party or University Department will be rejected. 6. The deadline for our receipt of documents through the e-tendering website is 12 noon on 26th September 2019 . The site will lock out any attempted upload after this time. Documents can be uploaded in parts and at any time in advance of this deadline. Large files may take some time to upload. Technical problems will not be deemed to be a justifiable reason to consider your bid if submitted late. We do not take responsibility for failure to upload successfully due to speed of, or failure of, internet connection or related functions. You are strongly advised to begin uploading, or to contact us if you are experiencing any problem, well in advance of the deadline time. Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-41b29458-0a3d-4a62-9aea-e0f25e39bf5f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2e2f9ca4-af73-48d4-99cc-9fa903efa2b0
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£4 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Sep 20196 years ago
Submission Deadline
26 Sep 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
6 Jan 2020 - 6 Jan 2030 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
UNIVERSITY OF READING
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
-
Postcode
RG6 6AB
Post Town
Reading
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
TLJ South East (England)
Local Authority
Wokingham
Electoral Ward
Maiden Erlegh & Whitegates
Westminster Constituency
Earley and Woodley

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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. 

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