--- title: "NU/1874 Segregated Fund Manager" ocid: "ocds-b5fd17-d06ac608-fe5b-49be-906e-4456c770f439" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-d06ac608-fe5b-49be-906e-4456c770f439" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-d06ac608-fe5b-49be-906e-4456c770f439.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-d06ac608-fe5b-49be-906e-4456c770f439.json" source: "Contracts Finder" current_stage: "Tender" buyer: "NEWCASTLE UNIVERSITY" published: "2023-02-10" --- # NU/1874 Segregated Fund Manager Buyer: NEWCASTLE UNIVERSITY Current stage: Tender OCID: ocds-b5fd17-d06ac608-fe5b-49be-906e-4456c770f439 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-d06ac608-fe5b-49be-906e-4456c770f439) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-d06ac608-fe5b-49be-906e-4456c770f439.json) ## Summary Newcastle University is looking for a Segregated Fund Manager to manage up to £50m on their behalf. The University recently revised its Treasury Management Policy to allow a wider range of financial instruments. The tender, titled "NU/1874 Segregated Fund Manager," falls under the services category and is classified under investment banking services and related services. The tender has a value of £130,000 and the deadline for submissions is 3rd March 2023. The contract period is from 1st May 2023 to 30th April 2024. This opportunity can benefit businesses specialising in segregated fund management with a proven track record of at least ten years. Companies with expertise in investment banking services and those able to comply with the University's stringent financial security requirements would be well-suited to compete. The procurement stage is at the tender stage, presenting a chance for qualified businesses to engage with Newcastle University and potentially secure a substantial contract for managing funds on behalf of the institution. ## Notice Currently the University finance team looks after its Treasury Management Policy and short-term investments are managed in house with the University placing investments with banks, building societies for periods of anywhere between overnight and 12 months. The University has current banking facilities in place with the following Banks or Building societies: * Barclays Bank UK plc [University main bankers] * Royal Bank of Scotland/Nat West plc * Lloyds Bank plc * Santander UK plc * Close Brothers Ltd * Leeds Building Society * Handelsbanken * Virgin Money UK Plc The University has recently revised its Treasury Management Policy to allow the University to invest in a wider range of financial instruments including: * Bank or building society instant access or notice investment accounts * AAA rated Serling Money Market Funds * Fixed term deposits * Certificates of Deposit (CD) A copy of the draft Treasury Management Policy is included in Appendix 1. At the end of January 2023, the University had cash and short-term investment holdings of circa PS213m, but forecast to reduce based on current three year forecasts which include significant strategic project including Net Carbon Zero spend. The profile of income and expenditure is not even - in particular significant University funding is paid by the SLC and this is currently received 25% in late October, 25% in early February with the remaining 50% at the beginning of May. The University's expenditure profile is more even. Cash flows are profiled on a monthly basis. The University's attitude to risk is conservative and security is the most important factor in the Treasury Management Policy. It is a requirement of the new Treasury Management Policy that the investments should be in assets with long term ratings no lower than BBB+ [Fitch], Baa1 [Moody's] and BBB+ [Standard & Poor]. Further, as strategic project expenditure profile is uncertain liquidity is also very important, particularly given the requirement to always provide 60 days of operating cost liquidity. To operationalise the newly drafted Treasury Management Policy the University wishes to appoint a segregated fund manager to manage up to PS50m on behalf of the University of Newcastle. To be considered managers must meet the criteria outlined in the specification including: * Is not currently and has not in the last five years been subject to serious regulatory investigation or action * Track record of segregated fund management team of at least ten years ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/43e7782d-cfe6-4f8b-9b1f-4eeea192edea | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not applicable | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 10 Feb 2023 | | Submission deadline | 3 Mar 2023 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 30 Apr 2023 - 30 Apr 2024 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £130,000 | | 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 | 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 | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66120000 - Investment banking services and related services ## Release History - 10 Feb 2023 at 13:37 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/43e7782d-cfe6-4f8b-9b1f-4eeea192edea ## Documents - https://www.contractsfinder.service.gov.uk/Notice/43e7782d-cfe6-4f8b-9b1f-4eeea192edea 10th February 2023 - Opportunity notice on Contracts Finder - https://procontract.due-north.com/Advert?advertId=e3d984d6-97a7-ed11-811f-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-d06ac608-fe5b-49be-906e-4456c770f439. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-d06ac608-fe5b-49be-906e-4456c770f439.json.