---
title: "NU/1291 The Provision of Fund Management Services"
ocid: "ocds-b5fd17-6ef313c6-17ac-46e3-8825-4eb19cf76655"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-6ef313c6-17ac-46e3-8825-4eb19cf76655"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-6ef313c6-17ac-46e3-8825-4eb19cf76655.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-6ef313c6-17ac-46e3-8825-4eb19cf76655.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NEWCASTLE UNIVERSITY"
published: "2017-09-13"
---

# NU/1291 The Provision of Fund Management Services

Buyer: NEWCASTLE UNIVERSITY  
Current stage: Award  
OCID: ocds-b5fd17-6ef313c6-17ac-46e3-8825-4eb19cf76655

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## Summary

The procurement process involves Newcastle University seeking to appoint investment managers for fund management services. The title of the tender is "NU/1291 The Provision of Fund Management Services." The classification falls under banking and investment services, with a contract value of approximately £2.5 million to £3.5 million. The procurement method used is an open procedure, and the tender period ended on 30 June 2017. The contract period commenced on 1 September 2017 and concludes on 31 August 2022, with all operations based in the North East of England.

This tender presents a significant opportunity for businesses involved in asset management and investment services, especially those with expertise in managing equity investments excluding tobacco. Large-scale firms capable of handling substantial fund sizes would be well-suited to compete for this contract, as the successful suppliers include Majedie Asset Management, Royal London Asset Management, and Baillie Gifford & Co. Engaging in this procurement could enhance business growth by providing access to a university endowment fund, thereby allowing firms to demonstrate their capabilities in a competitive environment.

## Notice

Tender process is to appoint an active UK equity (excluding tobacco) investment manager to manage up to in the region of PS25m to PS35m on behalf of a University of Newcastle endowment fund and an active global equity (excluding tobacco) investment manager to manage in the region of between PS25m and PS35m on behalf of a University of Newcastle endowment fund.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/efdfe4db-f51b-44a7-a006-0f146421d6ea |
| 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 | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Sep 2017 |
| Submission deadline | 30 Jun 2017 |
| Future notice date | Not specified |
| Award date | 13 Aug 2017 |
| Contract period | 31 Aug 2017 - 31 Aug 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,500,000 |
| Lots value | Not specified |
| Awards value | £2,540,400 |
| 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 | NEWCASTLE UNIVERSITY |
| Locality | NEWCASTLE UPON TYNE |
| Post town | Newcastle upon Tyne |
| Postcode | NE1 7RU |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC43 Tyneside |
| Local authority | Newcastle upon Tyne |
| Electoral ward | Monument |
| Westminster constituency | Newcastle upon Tyne Central and West |
| Delivery location | TLC North East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 3 |
| Supplier names | BAILLIE GIFFORD; MAJEDIE ASSET MANAGEMENT; ROYAL LONDON ASSET MANAGEMENT |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services

## Release History

- 13 Sep 2017 at 13:17 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/efdfe4db-f51b-44a7-a006-0f146421d6ea

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/efdfe4db-f51b-44a7-a006-0f146421d6ea
  13th September 2017 - Awarded contract notice on Contracts Finder
- https://procontract.due-north.com/Advert?advertId=955a79ea-d445-e711-80e1-005056b64545
  Advert

## Notice URLs

- https://www.ncl.ac.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-b5fd17-6ef313c6-17ac-46e3-8825-4eb19cf76655. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-6ef313c6-17ac-46e3-8825-4eb19cf76655.json.