--- title: "Contract for Investment Manager for Endowment Funds" ocid: "ocds-b5fd17-41b29458-0a3d-4a62-9aea-e0f25e39bf5f" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-41b29458-0a3d-4a62-9aea-e0f25e39bf5f" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-41b29458-0a3d-4a62-9aea-e0f25e39bf5f.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-41b29458-0a3d-4a62-9aea-e0f25e39bf5f.json" source: "Contracts Finder" current_stage: "Tender" buyer: "UNIVERSITY OF READING" published: "2019-09-03" --- # Contract for Investment Manager for Endowment Funds Buyer: UNIVERSITY OF READING Current stage: Tender OCID: ocds-b5fd17-41b29458-0a3d-4a62-9aea-e0f25e39bf5f [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-41b29458-0a3d-4a62-9aea-e0f25e39bf5f) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-41b29458-0a3d-4a62-9aea-e0f25e39bf5f.json) ## Summary The University of Reading is currently seeking an Investment Manager for its Endowment Funds, managing over £120 million across various asset classes. This procurement falls under the services category, specifically related to banking and investment services, and follows a selective procurement method via restricted procedure. The tender period concludes on 26th September 2019 at noon, after which no further submissions will be accepted. The successful bidder will have a contract period starting from 6th January 2020 for a duration of ten years, located in the South East region of the United Kingdom. This tender presents an excellent opportunity for investment management firms with a strong expertise in handling significant endowment portfolios, particularly those who can also offer advisory services. Businesses with experience in managing diverse asset classes, including equities, bonds, private equity, and infrastructure assets, are well-suited to compete in this tender process. As the University of Reading is open to expanding the scope of management to include other asset types, firms that can showcase their capacity for growth and adaptability will be favourably considered. ## Notice The University of Reading has a number of endowment assets held across a variety of classes, including agricultural land and investment properties, as well as more traditional endowment funds. The total amount held within these endowment funds (mainly equities and bonds) totalled PS122.8m at 31 July 2019. The University of Reading and its associated Trusts and subsidiaries (the "University Group"), will appoint the Bidder who can manage the PS120m+ of endowment portfolios as currently constituted, but with the capacity and expertise to expand the remit if required to include other classes of asset (such as private equity and infrastructure assets). This tender is for Investment Manager only, but the University is also interested in certain additional services. This is investment advice on a wider portfolio of assets. To this end, a second optional section and series of questions has been included. This section is not compulsory, but should prospective managers answer these questions they will carry an overall weighting of 10% in the final scoring. This is the additional value that the University places on these investment advisor services. However, the University does not want to dissuade interest from those only looking to manage the core endowment funds portfolio, and therefore the weighting of 90% reflects the fact that this is the key focus of the tender. Additional information: 3. All submissions in respect of this Selection Questionnaire should be made by uploading documents using the same e-tendering systems where documents were downloaded: https://in-tendhost.co.uk/theuniversityofreading/ 4. Multiple documents can be uploaded. There is an individual file size restriction of 20 Megabytes per upload on this website but there may also be limits at the sending site. 5. Submissions sent by any other means or to any other party or University Department will be rejected. 6. The deadline for our receipt of documents through the e-tendering website is 12 noon on 26th September 2019 . The site will lock out any attempted upload after this time. Documents can be uploaded in parts and at any time in advance of this deadline. Large files may take some time to upload. Technical problems will not be deemed to be a justifiable reason to consider your bid if submitted late. We do not take responsibility for failure to upload successfully due to speed of, or failure of, internet connection or related functions. You are strongly advised to begin uploading, or to contact us if you are experiencing any problem, well in advance of the deadline time. Is a Recurrent Procurement Type? : No ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/2e2f9ca4-af73-48d4-99cc-9fa903efa2b0 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Restricted procedure (above threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 3 Sep 2019 | | Submission deadline | 26 Sep 2019 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 6 Jan 2020 - 6 Jan 2030 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £4 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | UNIVERSITY OF READING | | Locality | - | | Post town | Reading | | Postcode | RG6 6AB | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire | | ITL 3 | TLJ16 Berkshire West | | Local authority | Wokingham | | Electoral ward | Maiden Erlegh & Whitegates | | Westminster constituency | Earley and Woodley | | Delivery location | TLJ South East (England) | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66100000 - Banking and investment services ## Release History - 3 Sep 2019 at 11:48 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/2e2f9ca4-af73-48d4-99cc-9fa903efa2b0 - 3 Sep 2019 at 11:48 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/2e2f9ca4-af73-48d4-99cc-9fa903efa2b0 - 3 Sep 2019 at 11:48 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/2e2f9ca4-af73-48d4-99cc-9fa903efa2b0 - 3 Sep 2019 at 11:48 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/2e2f9ca4-af73-48d4-99cc-9fa903efa2b0 - 22 Aug 2019 at 15:11 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/2e2f9ca4-af73-48d4-99cc-9fa903efa2b0 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/2e2f9ca4-af73-48d4-99cc-9fa903efa2b0 3rd September 2019 - Opportunity notice on Contracts Finder - https://in-tendhost.co.uk/theuniversityofreading/aspx/ Additional information on how to apply for this contract ## Notice URLs - http://reading.ac.uk - https://in-tendhost.co.uk/theuniversityofreading/ ## 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-b5fd17-41b29458-0a3d-4a62-9aea-e0f25e39bf5f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-41b29458-0a3d-4a62-9aea-e0f25e39bf5f.json.