Award

NU/ 1756 The Provision of Global Equity Manager/s

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

27 Jul 2022 at 09:09

Award Notice
Summary of the contracting process

The procurement process involves Newcastle University seeking to appoint between one and three active global equity investment managers to manage £2.5 million on behalf of its endowment fund. This has been classified under investment banking services, with the procurement method being a selective restricted procedure. The contract period is set to run from 1st September 2022 to 31st August 2027, and the deadline for submission was 24th May 2022. The procurement takes place in Newcastle upon Tyne, England, where social and environmental responsibility is central to the university's investment strategy.

This tender presents a significant opportunity for established investment firms, particularly those with strong backgrounds in equity management and a commitment to Environmental, Social, and Governance (ESG) principles. Companies with experience in managing equity mandates and a proven track record of at least ten years would be well-suited to respond. Additionally, businesses that prioritise socially responsible investments, particularly those avoiding sectors such as tobacco, armaments, or fossil fuels, can align their offerings with the university's goals and potentially secure a valuable contract.

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Notice Information

Notice Title

NU/ 1756 The Provision of Global Equity Manager/s

Notice Description

The University wishes to appoint active global equity investment manager/s (between 1 and 3 companies) to manage in the region of PS75m behalf of the University of Newcastle endowment fund. Social and environmental justice are core values of the University and we are committed to socially and environmentally responsible investment. We are looking to appoint investment managers with well-developed ESG approaches who will also work with us to achieve the aims of our Climate Action Plan. We do not permit investment in tobacco related companies or companies making revenue from armaments or from the extraction and production of fossil fuels. UK equities are acceptable within the portfolio but must not exceed 20% of the total portfolio by value. Bidders should disclose the control ranges which they apply to UK holdings. To be considered managers must meet the criteria outlined in the specification including: * UNPRI signatory * No investment in tobacco related companies or companies making revenue from armaments or from the extraction and production of fossil fuels. * Is not currently and has not in the last five years been subject to serious regulatory investigation or action * Track record of fund management team of at least ten years in running equity mandates * Ability to contribute to the University's Climate Action Plan through the provision of reports on the carbon footprint of investment portfolios All criteria are extremely important to the University and will not be negotiable.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cdd8866f-2fbe-4483-956d-4a2ab13b9767
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c1024863-0597-457b-9a12-05f55ac5b7ef
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66120000 - Investment banking services and related services

Notice Value(s)

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

Notice Dates

Publication Date
27 Jul 20223 years ago
Submission Deadline
24 May 2022Expired
Future Notice Date
Not specified
Award Date
26 Jul 20223 years ago
Contract Period
31 Aug 2022 - 31 Aug 2027 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
Not specified
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
3
Supplier Names

JANUS HENDERSON INVESTORS

LIONTRUST ASSET MANAGEMENT

SCHRODERS

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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