--- title: "Tender for the Provision of Investment Agent" ocid: "ocds-h6vhtk-02ea9c" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02ea9c" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02ea9c.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02ea9c.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "NHS WALES SHARED SERVICES PARTNERSHIP-PROCUREMENT SERVICES (HOSTED BY AND ON BEHALF OF VELINDRE UNIVERSITY NHS TRUST)" published: "2022-09-13" --- # Tender for the Provision of Investment Agent Buyer: NHS WALES SHARED SERVICES PARTNERSHIP-PROCUREMENT SERVICES (HOSTED BY AND ON BEHALF OF VELINDRE UNIVERSITY NHS TRUST) Current stage: Tender OCID: ocds-h6vhtk-02ea9c [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02ea9c) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02ea9c.json) ## Summary The Velindre University NHS Trust is seeking an Investment Agent to manage its charitable fund investments. The tender, titled "Tender for the Provision of Investment Agent," falls under the services category with a value of £150,000. The Trust aims to maximise returns while maintaining a low to medium risk profile for its £6 million investment fund. The procurement stage is active with a deadline for submissions on October 14, 2022. This tender presents an opportunity for qualified investment managers, registered investment advisors, banks, or insurance companies to compete for the contract. Businesses specializing in investment banking services and related fields may find this tender particularly suitable. With the contract period set at 1440 days and an option for renewal, successful suppliers have the potential for long-term engagement with the Charity Commission and NHS charities. ## Notice Velindre University NHS Trust is looking to procure the Provision of an Investment Agent to advise and manage investments of the Health Board's Charitable Fund monies. The Charity requires that the Investment Agent is a qualifying investment manager must be a registered investment advisor under the Investment Advisor Act of 1961, or a bank or insurance company, which is authorised and regulated by the Financial Services Authority The Charity requires the successful supplier to manage the funds on behalf of the Charity in accordance with the required Charity Commission and other legal requirements placed on NHS charities. ### Lot Information Lot 1 Velindre University NHS Trust is looking to procure the Provision of an Investment Agent to advise and manage investments of the Health Board's Charitable Fund monies. The Charity requires that the Investment Agent is a qualifying investment manager must be a registered investment advisor under the Investment Advisor Act of 1961, or a bank or insurance company, which is authorised and regulated by the Financial Services Authority The Charity requires the successful supplier to manage the funds on behalf of the Charity in accordance with the required Charity Commission and other legal requirements placed on NHS charities. The Charity seeks to maximise the total return on funds held and the Charity seeks to adopt a conservative policy on risk. The Trust and its Trustees recognise that all investment involve an element of risk. In order to mitigate the risk it will be requested that the investment advisor / managers maintain a diversified portfolio of assets in order to protect the Charity's investments from sudden variations in the market. The Charity currently holds two investment portfolios, which are held at risk level low and low/ medium risk. The time horizon for the investment account is between 5 to 7 years. The total value of the charitable funds currently invested is approximately 6 million GBP and includes asset allocation as set out below Cash Sovereign Fixed Income Corporate Fixed Income Developed Market Equity Emerging Market Equity Private Equity Commodities Absolute Return The value of the investment fund may increase or decrease over time dependent on the resource commitment of the charity and the level of donations being received. Renewal: Option to extend for a further 2 x 12 months (maximum - 24 months) ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/025697-2022 | | 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 | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 13 Sep 2022 | | Submission deadline | 14 Oct 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £150,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | NHS WALES SHARED SERVICES PARTNERSHIP-PROCUREMENT SERVICES (HOSTED BY AND ON BEHALF OF VELINDRE UNIVERSITY NHS TRUST) | | Locality | CARDIFF | | Post town | Cardiff | | Postcode | CF15 7QZ | | Country | Wales | | ITL 1 | TLL Wales | | ITL 2 | TLL5 South East Wales | | ITL 3 | TLL51 Central Valleys and Bridgend | | Local authority | Rhondda Cynon Taf | | Electoral ward | Taff's Well | | Westminster constituency | Cardiff North | | Delivery location | TLL22 Cardiff and Vale of Glamorgan | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66100000 - Banking and investment services - 66120000 - Investment banking services and related services ## Release History - 13 Sep 2022 at 15:13 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/025697-2022 - 11 Oct 2021 at 16:04 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/025391-2021 ## Notice URLs - http://nwssp.nhs.wales/ourservices/procurement-services/ - https://etenderwales.bravosolution.co.uk - https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0221 - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=124740 ## 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-h6vhtk-02ea9c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02ea9c.json.