Tender

Fund management of ethical multi-asset fund

GENERAL MEDICAL COUNCIL (GMC)

This public procurement record has 1 release in its history.

Tender

18 Nov 2016 at 20:17

Tender Notice
Summary of the contracting process

The General Medical Council (GMC) has issued a tender titled "Fund management of ethical multi-asset fund," aimed at appointing a fund manager for an initial investment of up to 10 million GBP. This procurement falls under the category of banking and investment services and is located in the North West and London regions of the United Kingdom. The open procedure procurement is currently active with a tender period that ended on 30 October 2015, while the contract period spans from 31 December 2015 to 31 December 2020.

This tender presents significant opportunities for businesses specialising in fund management and ethical investments. Companies that can demonstrate strong environmental, social, and governance credentials would be particularly well-suited to compete for this contract, especially those with the ability to manage investments in line with the GMC's low-risk appetite. Small and medium-sized enterprises (SMEs) are encouraged to participate, benefiting from the GMC's preferences for innovative and responsible fund management approaches.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Fund management of ethical multi-asset fund

Notice Description

The objective of this tender is to appoint a fund manager who will initially invest a maximum of 10 million GBP under management on behalf of the GMC. This amount will be reviewed annually by the GMC Council. The successful tenderer will be free to invest through a mutual fund, segregated portfolio, or a combination of both. The GMC has a low risk appetite and we wish to protect against volatility, capital loss and the erosion of asset value by inflation. The GMC therefore seeks to generate the best financial return that is consistent with our attitude to risk and therefore aim to achieve a target rate of return on funds under management of inflation (CPI) plus 2 percent, over a rolling five year period. The GMC requires that any income generated by the fund is efficiently reinvested in the fund. Asset allocations will be determined by the fund managers in order to achieve the target return as long as they align with the GMC's ethical investment approach. The GMC seeks to avoid those investments that we believe conflict with our charitable aims and as such will invest only through fund managers who demonstrate the strongest environmental, social and governance credentials.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d9ab201a-adc8-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8145813f-dcac-4a81-a95e-e3a5b1817b08
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
SME
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
30 Oct 2015Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Dec 2015 - 31 Dec 2020 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
GENERAL MEDICAL COUNCIL (GMC)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANCHESTER
Postcode
M3 3AW
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
TLD North West (England), TLI London
Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-d9ab201a-adc8-11e6-9901-0019b9f3037b-2016-11-18T20:17:22Z",
    "date": "2016-11-18T20:17:22Z",
    "ocid": "ocds-b5fd17-d9ab201a-adc8-11e6-9901-0019b9f3037b",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "MT163872",
        "title": "Fund management of ethical multi-asset fund",
        "description": "The objective of this tender is to appoint a fund manager who will initially invest a maximum of 10 million GBP under management on behalf of the GMC. This amount will be reviewed annually by the GMC Council. The successful tenderer will be free to invest through a mutual fund, segregated portfolio, or a combination of both. The GMC has a low risk appetite and we wish to protect against volatility, capital loss and the erosion of asset value by inflation. The GMC therefore seeks to generate the best financial return that is consistent with our attitude to risk and therefore aim to achieve a target rate of return on funds under management of inflation (CPI) plus 2 percent, over a rolling five year period. The GMC requires that any income generated by the fund is efficiently reinvested in the fund. Asset allocations will be determined by the fund managers in order to achieve the target return as long as they align with the GMC's ethical investment approach. The GMC seeks to avoid those investments that we believe conflict with our charitable aims and as such will invest only through fund managers who demonstrate the strongest environmental, social and governance credentials.",
        "datePublished": "2015-10-05T10:44:44+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66100000",
            "description": "Banking and investment services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "North West",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2015-10-30T23:59:59Z"
        },
        "contractPeriod": {
            "startDate": "2015-12-31T00:00:00Z",
            "endDate": "2020-12-31T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/8145813f-dcac-4a81-a95e-e3a5b1817b08",
                "datePublished": "2015-10-05T10:44:44+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.",
                "url": "http://www.mytenders.org/search/show/search_view.aspx?ID=OCT115493"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-2233",
            "name": "General Medical Council (GMC)",
            "identifier": {
                "legalName": "General Medical Council (GMC)"
            },
            "address": {
                "streetAddress": "3 Hardman Street",
                "locality": "Manchester",
                "postalCode": "M3 3AW",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Gordon Duffus",
                "email": "gmctenders@gmc-uk.org",
                "telephone": "+44 1619236340"
            },
            "details": {
                "url": "http://www.gmc-uk.org"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-2233",
        "name": "General Medical Council (GMC)"
    }
}