Tender

FS1580: Tender for the Provision of an Investment Manager to provide an investment portfolio of Liquid Asset-Matching Investments

WILTSHIRE COUNCIL

This public procurement record has 1 release in its history.

Tender

12 Aug 2022 at 10:29

Summary of the contracting process

The Wiltshire Council has initiated a tender process with the title "FS1580: Tender for the Provision of an Investment Manager". This procurement falls under the services category and pertains to pension investment services. The tender aims to secure an investment manager to provide an investment portfolio of liquid asset-matching investments for the Wiltshire Pension Fund. The total value of the tender is £3,200,000. The procurement method is an open procedure, with the tender period closing on 16th September 2022. The Wiltshire Council is located in Trowbridge, UKK15.

This tender opportunity presents a chance for businesses in the investment management industry to expand their portfolio and offer their expertise to manage the investment portfolio of the Wiltshire Pension Fund. Companies with experience in providing pension investment services and proven track records in asset allocation and trading services would be well-suited to compete for this tender. The opportunity also requires compliance with specific suitability and technical criteria, including holding a suitable FCA authorization to deliver the required services.

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.

Notice Title

FS1580: Tender for the Provision of an Investment Manager to provide an investment portfolio of Liquid Asset-Matching Investments

Notice Description

Wiltshire Pension Fund is tendering for an investment manager to provide an investment portfolio consisting of ETF funds which attempts to track the overall strategic asset allocation return.

Lot Information

Lot 1

Wiltshire Pension Fund is tendering for an investment manager to provide an investment portfolio consisting of ETF funds which attempts to track the overall strategic asset allocation return. The portfolio will be used as source of short-term liquidity to fund capital calls and invest capital distributions from our growing allocations to private market investments. In tracking the returns of the strategic asset allocation it will also reduce cash drag on overall fund returns. Services of trading, rebalancing and reporting would be required of any investment manager running this portfolio.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-035b50
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/022269-2022
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

66131100 - Pension investment services

Notice Value(s)

Tender Value
£3,200,000 £1M-£10M
Lots Value
£3,200,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Aug 20223 years ago
Submission Deadline
16 Sep 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
WILTSHIRE COUNCIL
Contact Name
Mr Bill Warden
Contact Email
procurement.clients@hants.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
TROWBRIDGE
Postcode
BA14 8JN
Post Town
Bath
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK72 Wiltshire
Delivery Location
TLK15 Wiltshire

Local Authority
Wiltshire
Electoral Ward
Trowbridge Central
Westminster Constituency
South West Wiltshire

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-h6vhtk-035b50-2022-08-12T11:29:46+01:00",
    "date": "2022-08-12T11:29:46+01:00",
    "ocid": "ocds-h6vhtk-035b50",
    "initiationType": "tender",
    "tender": {
        "id": "DN627660",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "FS1580: Tender for the Provision of an Investment Manager to provide an investment portfolio of Liquid Asset-Matching Investments",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66131100",
            "description": "Pension investment services"
        },
        "mainProcurementCategory": "services",
        "description": "Wiltshire Pension Fund is tendering for an investment manager to provide an investment portfolio consisting of ETF funds which attempts to track the overall strategic asset allocation return.",
        "value": {
            "amount": 3200000,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "description": "Wiltshire Pension Fund is tendering for an investment manager to provide an investment portfolio consisting of ETF funds which attempts to track the overall strategic asset allocation return. The portfolio will be used as source of short-term liquidity to fund capital calls and invest capital distributions from our growing allocations to private market investments. In tracking the returns of the strategic asset allocation it will also reduce cash drag on overall fund returns. Services of trading, rebalancing and reporting would be required of any investment manager running this portfolio.",
                "awardCriteria": {
                    "criteria": [
                        {
                            "name": "Quality",
                            "type": "quality",
                            "description": "75"
                        },
                        {
                            "type": "price",
                            "description": "25"
                        }
                    ]
                },
                "value": {
                    "amount": 3200000,
                    "currency": "GBP"
                },
                "contractPeriod": {
                    "durationInDays": 3600
                },
                "hasRenewal": false,
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "active"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "UKK15"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "submissionMethod": [
            "electronicSubmission"
        ],
        "submissionMethodDetails": "http://www.supplyingthesouthwest.gov.uk",
        "selectionCriteria": {
            "criteria": [
                {
                    "type": "suitability",
                    "description": "As per the tender documentation shown at www.supplyingthesouthwest.gov.uk",
                    "appliesTo": [
                        "supplier"
                    ]
                },
                {
                    "type": "technical",
                    "description": "Tenderers must hold a suitable FCA authorisation to deliver these requirements."
                }
            ]
        },
        "documents": [
            {
                "id": "economic",
                "documentType": "economicSelectionCriteria"
            },
            {
                "id": "technical",
                "documentType": "technicalSelectionCriteria"
            }
        ],
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "coveredBy": [
            "GPA"
        ],
        "tenderPeriod": {
            "endDate": "2022-09-16T12:00:00+01:00"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ],
            "bidValidityPeriod": {
                "endDate": "2023-02-28T23:59:59Z"
            }
        },
        "awardPeriod": {
            "startDate": "2022-09-16T12:00:00+01:00"
        },
        "bidOpening": {
            "date": "2022-09-16T12:00:00+01:00",
            "description": "The opening of tenders shall be conducted virtually at www.supplyingthesouthwest.gov.uk by an authorised individual."
        },
        "hasRecurrence": false
    },
    "parties": [
        {
            "id": "GB-FTS-2791",
            "name": "Wiltshire Council",
            "identifier": {
                "legalName": "Wiltshire Council"
            },
            "address": {
                "streetAddress": "Wiltshire Council, County Hall, Bythesea Road",
                "locality": "Trowbridge",
                "region": "UKK15",
                "postalCode": "BA14 8JN",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Mr Bill Warden",
                "email": "procurement.clients@hants.gov.uk",
                "url": "http://www.supplyingthesoutthwest.org.uk"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "http://www.wiltshire.gov.uk/",
                "buyerProfile": "http://www.wiltshire.gov.uk/",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "REGIONAL_AUTHORITY",
                        "description": "Regional or local authority"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "01",
                        "description": "General public services"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-111",
            "name": "High Court",
            "identifier": {
                "legalName": "High Court"
            },
            "address": {
                "streetAddress": "Royal Courts of Justice, The Strand",
                "locality": "London",
                "postalCode": "WC2A 2LL",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "GB-FTS-11977",
            "name": "Wiltshire Council",
            "identifier": {
                "legalName": "Wiltshire Council"
            },
            "address": {
                "locality": "Trowbridge",
                "countryName": "United Kingdom"
            },
            "roles": [
                "mediationBody"
            ]
        }
    ],
    "buyer": {
        "id": "GB-FTS-2791",
        "name": "Wiltshire Council"
    },
    "links": [
        {
            "rel": "canonical",
            "href": "www.supplyingthesouthwest.gov.uk"
        }
    ],
    "language": "en"
}