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NU/ 1756 The Provision of Global Equity Manager/s

Newcastle University

This public procurement record has 2 releases in its history.

Award

27 Jul 2022 at 09:48

Award Notice
Tender

02 Mar 2022 at 14:10

Tender Notice
Summary of the contracting process

The procurement process involves Newcastle University seeking to appoint active global equity investment managers to manage approximately £75 million on behalf of its endowment fund. This tender, titled "NU/1756 The Provision of Global Equity Manager/s," falls under the investment banking services category and is governed by a selective procurement method defined as a restricted procedure. The tender period is active, with submissions due by 4th April 2022. The successful bidders will be informed of the award decision, which includes a standstill period that allows for challenges to the decision before contracts are finalised.

This tender presents significant opportunities for investment firms with a strong emphasis on environmentally and socially responsible investment approaches, particularly those with established ESG strategies. Companies specialising in asset management and investment services, particularly those that are UNPRI signatories without a history of investment in tobacco or contentious sectors, would be well-positioned to compete. Potential bidders should demonstrate a robust track record in fund management and contribute towards the university's Climate Action Plan, which can further enhance their proposals in this competitive tender process.

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Notice Information

Notice Title

NU/ 1756 The Provision of Global Equity Manager/s

Notice Description

The university appointed active global equity investment managers to manage in the region of PS75m behalf of the University of Newcastle endowment fund.

Lot Information

Lot 1

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-h6vhtk-031cf0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/020418-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Notice Dates

Publication Date
27 Jul 20224 years ago
Submission Deadline
4 Apr 2022Expired
Future Notice Date
Not specified
Award Date
15 Jul 20224 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

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
Postcode Area
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
TLC22 Tyneside
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 Plc

Schroders

Further Information

Open Contracting Data Standard (OCDS)

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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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