Award

PP18044 - LGPS Central Active Global Emerging Market Equities

WOLVERHAMPTON CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

28 Jan 2019 at 11:12

Award Notice
Tender

31 May 2018 at 13:15

Tender Notice
Summary of the contracting process

The procurement process titled "PP18044 - LGPS Central Active Global Emerging Market Equities" is led by Wolverhampton City Council, operating within the financial and insurance services industry. This tender is currently active and falls under the selective procurement method, using a competitive dialogue approach. The tender period concluded on 2nd July 2018, with a contract value of £26 million, intended for managing a fund of approximately £1.5 billion. The contract period spans from 1st November 2018 to 31st March 2029, and the delivery location is within the West Midlands, United Kingdom.

This tender presents significant growth opportunities for large asset management firms specialising in global active emerging markets. Companies with a proven track record in delivering consistent and responsible investment strategies would be particularly well-suited to compete for this contract. The successful management teams should demonstrate robust processes, transparent cost structures, and the capability to manage concentrated portfolios, creating a competitive edge within the tendered financial services market.

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Notice Information

Notice Title

PP18044 - LGPS Central Active Global Emerging Market Equities

Notice Description

LGPS Central Limited is a private company, owned by its investors, responsible for the pooling of nine regional pension plans' investments, responsible for AUM in the region of PS40billion. The company received authorisation from the FCA in January 2018. The key objectives of the LGPS Central pool are to: - meet the investment objectives of the partner funds - establish a collaborative platform through which administering authorities of the partner Funds can aggregate their pension assets, with a view to providing scale economies and improved investment efficiency - create capacity to invest in asset classes which individual funds may find difficult to access - stimulate innovation, and provide an opportunity for funds to engage with the investment industry in finding new and creative approaches to the funding challenges faced by the LGPS (and the wider pensions sector) - act as a responsible, long-term investor, using its influence as a shareholder to promote the highest standards of corporate stewardship The company is looking for global active emerging markets equity managers to manage a fund in the region of PS1.5billion. Successful candidates will be able to demonstrate: - consistent, robust, repeatable, investment process - responsible investment at the heart of the investment process - concentrated portfolio - low, fully transparent costs - full transparency (look through) with the ACS custodian Additional information: The partnership is made up of the local authority pension schemes of Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Staffordshire, Shropshire, West Midlands, Worcestershire & West Midlands ITA. All queries and bids must be submitted via the portal at www.wolverhamptontenders.com Please allow sufficient time to upload your response.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5f31cbf6-bf95-4af3-9173-81ea432e7eca
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9f4f9642-9146-41a1-b338-c25032bc09e5
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive dialog
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£26,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£26,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
28 Jan 20197 years ago
Submission Deadline
2 Jul 2018Expired
Future Notice Date
Not specified
Award Date
15 Jan 20197 years ago
Contract Period
1 Feb 2019 - 30 Jun 2029 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WOLVERHAMPTON CITY 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
WOLVERHAMPTON
Postcode
WV1 1RL
Post Town
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
TLG West Midlands (England)
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
3
Supplier Names

BMO GLOBAL ASSET MANAGEMENT (FORMERLY F&C

UBS GLOBAL ASSET MANAGEMENT

VONTOBEL ASSET MANAGEMENT

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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