---
title: "HH052-23-HB Investment Manager Services - Endowment Fund"
ocid: "ocds-h6vhtk-04035a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04035a"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04035a.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04035a.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "NHS HIGHLAND"
published: "2024-04-02"
---

# HH052-23-HB Investment Manager Services - Endowment Fund

Buyer: NHS HIGHLAND  
Current stage: Award  
OCID: ocds-h6vhtk-04035a

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## Summary

NHS Highland and NHS Orkney Health Boards have completed the procurement process for Investment Manager Services for their Endowment Funds. The procurement method used was a selective process, with the contracting authority being NHS Highland. The title of the tender was "HH052-23-HB Investment Manager Services – Endowment Fund", falling under the services industry category. The selected supplier is Adam & Company Wealth Management, and the contract was signed on 18th March 2024, with a total value of £188,000 GBP.

This tender presents an opportunity for businesses providing investment banking services to engage with public procurement. The procurement stage has been completed, and the contract has been awarded to a large-scale supplier. Companies adept in providing Investment Manager Services aligned with responsible investment principles would be well-suited to compete in similar future tender processes within the healthcare industry located in the UKM6 region.

## Notice

NHS Highland and NHS Orkney Health Boards require the provision of Investment Manager Services for their Endowment Funds.

### Lot Information

Lot 1

It is anticipated that the scope of the services covered under the contract will include, - The provision of an Endowments Funds Investment Services for NHS Highland and NHS Orkney. - The provider shall make recommendations to the Endowment Fund Committees in relation to the most appropriate investment policies in order to achieve the Endowment Fund objectives. - The Provider shall take into account environmental, social, and governance factors into consideration when considering any investment within the Endowment Fund portfolios. - It is also expected that the Investment Manager is a signatory to the UN Principles for Responsible Investment (UNPRI) and the UK Stewardship Code in this regard. - The Health Boards require a single Investment Manager to implement the entire mandate

Renewal: Contract period is for two years with an option to extend for a further 24 months.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/010498-2024 |
| Notice type | Planning Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Planning, Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 2 Apr 2024 |
| Submission deadline | 31 Oct 2023 |
| Future notice date | 13 Nov 2023 |
| Award date | 18 Mar 2024 |
| Contract period | 31 Mar 2024 - 31 Mar 2028 |
| Recurrence | If contract isn't extended - 2026 |

## Values

| Field | Value |
| --- | --- |
| Tender value | £188,000 |
| Lots value | £188,000 |
| Awards value | Not specified |
| Contracts value | £188,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NHS HIGHLAND |
| Additional buyers | NHS ORKNEY |
| Locality | INVERNESS |
| Post town | Inverness |
| Postcode | IV2 3BW |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM2 Highlands and Islands |
| ITL 3 | TLM20 Highlands and Islands |
| Local authority | Orkney Islands |
| Electoral ward | Kirkwall West and Orphir |
| Westminster constituency | Orkney and Shetland |
| Delivery location | TLM6 Highlands and Islands |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ADAM & COMPANY WEALTH MANAGEMENT |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66120000 - Investment banking services and related services

## Release History

- 2 Apr 2024 at 08:28 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/010498-2024
- 6 Oct 2023 at 08:04 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/029476-2023
- 25 Sep 2023 at 11:41 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/028187-2023

## Notice URLs

- http://www.nhshighland.scot.nhs.uk
- http://www.ohb.scot.nhs.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000745998
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00302
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00368
- https://www.publictendersscotland.publiccontractsscotland.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-h6vhtk-04035a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04035a.json.