Tender

NU/1291 The Provision of Fund Management Services

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Tender

31 May 2017 at 07:49

Tender Notice
Summary of the contracting process

The University of Newcastle is currently in the tender stage of a public procurement process for "NU/1291 The Provision of Fund Management Services." This opportunity falls under the banking and investment services industry category, with a value around £25 million to £35 million. The procurement method is an open procedure, and the tender period closes on 30th June 2017. The successful contractor will manage the endowment fund, predominantly investing in UK equities while adhering to specific sustainability preferences. The contract is set to commence on 1st September 2017 and will last for five years.

This tender presents significant growth opportunities for firms in investment management, particularly those focused on active equity management and sustainable investing. Businesses that specialise in managing UK and global equity portfolios, especially those with experience in low-carbon investment strategies, will find this tender well-suited for their expertise. The selected firm will not only manage but also monitor fund performance and engage with the university community, providing a platform for long-term partnership and collaboration.

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Notice Information

Notice Title

NU/1291 The Provision of Fund Management Services

Notice Description

The scope of the tender will be: Lot 1 - UK Equity Manager 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. Some non UK equities are allowed but must not exceed 20% of the total portfolio by value. Bidders should disclose the control ranges which they apply to non UK holdings. The university will also give preference to investment managers who preferentially invest in progressive companies that are working towards low carbon solutions and who will provide the University with reports on the carbon foot-print of companies within its portfolio. Other services expected will include monitoring the performance of the fund and presenting at University meetings on an annual basis. Lot 2 - Global Equity Manager Tender process is to appoint 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. Some UK equities are allowed but must not exceed 20% of the total portfolio by value. Bidders should disclose the control ranges which they apply to UK holdings. The university will also give preference to investment managers who preferentially invest in progressive companies that are working towards low carbon solutions and who will provide the University with reports on the carbon foot-print of companies within its portfolio. Other service expected will include monitoring the performance of the fund and presenting at University meetings on an annual basis.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9450b369-34c7-4c38-8e15-092d566a1c08
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fd825359-72d4-424a-9808-80c33301a15f
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
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
£2,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
31 May 20178 years ago
Submission Deadline
30 Jun 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Aug 2017 - 1 Sep 2022 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
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

Further Information

Notice Documents

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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