Award

NU/1291 The Provision of Fund Management Services

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

13 Sep 2017 at 13:17

Award Notice
Summary of the contracting process

The procurement process involves Newcastle University seeking to appoint investment managers for fund management services. The title of the tender is "NU/1291 The Provision of Fund Management Services." The classification falls under banking and investment services, with a contract value of approximately £2.5 million to £3.5 million. The procurement method used is an open procedure, and the tender period ended on 30 June 2017. The contract period commenced on 1 September 2017 and concludes on 31 August 2022, with all operations based in the North East of England.

This tender presents a significant opportunity for businesses involved in asset management and investment services, especially those with expertise in managing equity investments excluding tobacco. Large-scale firms capable of handling substantial fund sizes would be well-suited to compete for this contract, as the successful suppliers include Majedie Asset Management, Royal London Asset Management, and Baillie Gifford & Co. Engaging in this procurement could enhance business growth by providing access to a university endowment fund, thereby allowing firms to demonstrate their capabilities in a competitive environment.

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Notice Information

Notice Title

NU/1291 The Provision of Fund Management Services

Notice Description

Tender process is to appoint an active UK equity (excluding tobacco) investment manager to manage up to in the region of PS25m to PS35m on behalf of a University of Newcastle endowment fund and an active global equity (excluding tobacco) investment manager to manage in the region of between PS25m and PS35m on behalf of a University of Newcastle endowment fund.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6ef313c6-17ac-46e3-8825-4eb19cf76655
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/efdfe4db-f51b-44a7-a006-0f146421d6ea
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£2,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,540,400 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Sep 20178 years ago
Submission Deadline
30 Jun 2017Expired
Future Notice Date
Not specified
Award Date
13 Aug 20178 years ago
Contract Period
31 Aug 2017 - 31 Aug 2022 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
NEWCASTLE UNIVERSITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 7RU
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
3
Supplier Names

BAILLIE GIFFORD

MAJEDIE ASSET MANAGEMENT

ROYAL LONDON ASSET MANAGEMENT

Further Information

Notice URLs

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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