--- title: "PP18043 - LGPS Central Global Active Equities" ocid: "ocds-b5fd17-2ba9f2ea-0b05-4eae-bf83-3822c6bc00b1" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2ba9f2ea-0b05-4eae-bf83-3822c6bc00b1" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2ba9f2ea-0b05-4eae-bf83-3822c6bc00b1.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-2ba9f2ea-0b05-4eae-bf83-3822c6bc00b1.json" source: "Contracts Finder" current_stage: "Award" buyer: "LGPS CENTRAL LIMITED" published: "2018-09-10" --- # PP18043 - LGPS Central Global Active Equities Buyer: LGPS CENTRAL LIMITED Current stage: Award OCID: ocds-b5fd17-2ba9f2ea-0b05-4eae-bf83-3822c6bc00b1 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-2ba9f2ea-0b05-4eae-bf83-3822c6bc00b1) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-2ba9f2ea-0b05-4eae-bf83-3822c6bc00b1.json) ## Summary The procurement process titled "PP18043 - LGPS Central Global Active Equities" is being conducted by LGPS Central Limited, a private firm responsible for managing pooled assets of regional pension plans. This opportunity falls under the financial services category and is based in Wolverhampton, West Midlands, England. The current procurement stage is at the award phase, with the contract valued at £21,720,000 and running from 1st October 2018 to 28th February 2029. This tender has been awarded within the scope of an open procurement method, with a past tender period that ended on 4th April 2018. This tender presents substantial opportunities for businesses, particularly for large investment firms that specialise in global active equity management. Companies with a proven track record in responsible investment, transparent cost structures, and innovative investment approaches would be well-positioned to compete for this contract. With the objectives of the LGPS Central pool centred on collaborative investment strategies and risk-sharing among the participating funds, businesses that can demonstrate a robust and repeatable investment process may find this a lucrative opportunity to expand their influence in the asset management sector. ## Notice LGPS Central Limited is a private company, owned by its investors, responsible for the pooling of nine regional pension plans investments, responsible for AUM in the region of PS40 Billion. The company was FCA approved in January 2018. The key objectives of the LGPS Central pool are to: - meet the investment objectives of the partner funds - establish a collaborative platform through which administering authorities of the partner Funds can aggregate their pension assets, with a view to providing scale economies and improved investment efficiency - create capacity to invest in asset classes which individual funds may find difficult to access - stimulate innovation, and provide an opportunity for funds to engage with the investment industry in finding new and creative approaches to the funding challenges faced by the LGPS (and the wider pensions sector) - act as a responsible, long-term investor, using its influence as a shareholder to promote the highest standards of corporate stewardship The company is looking for global active equity managers to manage a fund in the region of PS2.5 Billion. Successful candidates will be able to demonstrate: - consistent, robust, repeatable, investment process - responsible investment at the heart of the investment process - concentrated portfolio - low, fully transparent costs - full transparency (look through) with the ACS custodian. Additional information: The partnership is made up of the local authority pension schemes of Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Staffordshire, Shropshire, West Midlands, Worcestershire & West Midlands ITA. The opportunity can be found at www.wolverhamptontenders.com where all bids must be submitted. Please ensure you allow sufficient time to upload your submission. Any queries must also be directed via the portal. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/4387b231-0e53-4c38-a519-89488af0183d | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Large | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 10 Sep 2018 | | Submission deadline | 4 Apr 2018 | | Future notice date | Not specified | | Award date | 23 Aug 2018 | | Contract period | 30 Sep 2018 - 28 Feb 2029 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £37,000,000 | | Lots value | Not specified | | Awards value | £21,720,000 | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Not specified | | Awards status | Active | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | LGPS CENTRAL LIMITED | | Locality | WOLVERHAMPTON | | Post town | Wolverhampton | | Postcode | WV1 1RL | | Country | England | | ITL 1 | TLG West Midlands (England) | | ITL 2 | TLG3 West Midlands | | ITL 3 | TLG39 Wolverhampton | | Local authority | Wolverhampton | | Electoral ward | St Peters | | Westminster constituency | Wolverhampton West | | Delivery location | TLG West Midlands (England) | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 3 | | Supplier names | NGAM; SCHRODER INVESTMENT MANAGEMENT; UNION INVESTMENT | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 10 Sep 2018 at 08:40 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/4387b231-0e53-4c38-a519-89488af0183d - 28 Feb 2018 at 14:02 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/fa44dc87-198f-4e3f-a11e-c7805ae30645 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/4387b231-0e53-4c38-a519-89488af0183d 10th September 2018 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/fa44dc87-198f-4e3f-a11e-c7805ae30645 28th February 2018 - Opportunity notice on Contracts Finder ## Notice URLs - http://www.wolverhampton.gov.uk ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-2ba9f2ea-0b05-4eae-bf83-3822c6bc00b1. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-2ba9f2ea-0b05-4eae-bf83-3822c6bc00b1.json.