--- title: "HDD-ITT-48428 Provision of a Charitable funds investment Manager" ocid: "ocds-kuma6s-115326" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-kuma6s-115326" markdown_url: "https://d3tenders.com/contract/ocds-kuma6s-115326.md" json_url: "https://d3tenders.com/contract/ocds-kuma6s-115326.json" source: "Sell2Wales" current_stage: "Award" buyer: "HYWEL DDA UNIVERSITY HEALTH BOARD" published: "2022-05-04" --- # HDD-ITT-48428 Provision of a Charitable funds investment Manager Buyer: HYWEL DDA UNIVERSITY HEALTH BOARD Current stage: Award OCID: ocds-kuma6s-115326 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-kuma6s-115326) [Download OCDS JSON](https://d3tenders.com/contract/ocds-kuma6s-115326.json) ## Summary The Hywel Dda University Health Board is currently engaging in a public procurement process for the provision of a charitable funds investment manager, titled "HDD-ITT-48428". This tender falls under the services industry category and is taking place in Carmarthen, United Kingdom. The procurement is at the award stage as of 4th May 2022, with the winning contract awarded to Ccla for a value of £263,500. The contract was signed on 15th March 2022, which indicates the completion of the tender process. The contract entails managing an investment fund split into a £2.3 million endowment and a £6.2 million general investment, aimed at maximising returns while adhering to specific ethical guidelines regarding investment types. This tender presents significant opportunities for investment and financial consultancy firms, particularly those with expertise in low to medium risk profile portfolios and a track record of ethical investing aligned with health sector objectives. Businesses that specialise in investment banking, corporate finance, and related financial services are particularly well-suited to participate in future bids, as they can leverage their industry knowledge to manage funds effectively for charitable purposes. Moreover, firms capable of innovative investment strategies may find a competitive edge in proposing alternative management approaches to the Trustee. ## Notice Hywel Dda University Health board has awarded a contract for the provision of a charitable fund investment manager for Hywel Dda University Health Board.The investment fund is to be split into two, each with a different objective, as follows:2.3m permanent endowment to be invested with the objective of;A)Maximising income, where the income is to be released from the fund.orB)Delivering the best return for the fund on a "total return" basis (the Trustee invites comment in the tender on which of these options should be preferred).The remaining 6.2m general investment with the objective of maximising the investment return, where the income, and capital are to be retained within the fund.During the contract period there is a possibility that in the region of 1m will need to be released from the general investment fund in order to fund current ongoing projects.The value of the investment fund may increase or decrease over time dependent on the resource commitment of the charity.The Trustee has, in the past, preferred the investment advisor to actively manage the investment fund. However, the Trustee is also open to suggestions to alternative approaches that investment managers may wish to put forward that they consider appropriate.The Trustee will be looking at investments to have either a low or medium risk profile and will be guided with advice from the successful investment advisor linked to past performance of those investments.The expected annual income stream, excluding investment income and returns of the charity is approximately 1.5m, mainly from donations and legacies. The Trustees are committed under Charity Commission guidance not to accumulate funds unnecessarily and aims to spend income within a reasonable period. This commitment may affect the level of investment, and an annual review and discussion with the investment advisor will be undertaken regarding adjustments required.The Trustee has an ethical policy in place which will apply to investments held. The current ethical policy is as follows:1.The Hywel Dda University Heath Board Charity supports the NHS work of Hywel Dda University Health Board with the approved charitable purposes of;the advancement of health and the saving of livesthe relief of those in need, by reason of youth, age, ill-health, disability.the advancement of education (including research)2.It has been determined that the following investments conflict with the charitable objects and purposes of the charity;Investment in the production, manufacturing or supply of tobacco products.Investment in the production, manufacturing or supply of alcoholic beverages.3.Clearly there are some companies, in particular in the retail sector, which derive part of their turnover from the above two product groups. In proportion to harm caused by the moderate consumption of either, the following limits are set, above which investment will not take place;Investment in the production or manufacturing of tobacco products at any level of turnoverInvestment in the supply of tobacco products where turnover of more than 5% is derived from this source.Investment in the production, manufacturing of alcoholic beverages where more than 25% is derived from this source. ## Key Details | Field | Value | | --- | --- | | Publication source | Sell2Wales | | Latest notice | https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=115326 | | Notice type | S2W Notice - Website Contract Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Award | ## Dates | Field | Value | | --- | --- | | Publication date | 4 May 2022 | | Submission deadline | Not specified | | Future notice date | Not specified | | Award date | 15 Mar 2022 | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | £263,500 | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Not specified | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | HYWEL DDA UNIVERSITY HEALTH BOARD | | Locality | CARMARTHEN | | Post town | Swansea | | Postcode | SA31 3BB | | Country | Wales | | ITL 1 | TLL Wales | | ITL 2 | TLL4 Mid and South West Wales | | ITL 3 | TLL42 South West Wales | | Local authority | Carmarthenshire | | Electoral ward | Carmarthen Town West | | Westminster constituency | Caerfyrddin | | Delivery location | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | CCLA | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66120000 - Investment banking services and related services - 66122000 - Corporate finance and venture capital services - 66170000 - Financial consultancy, financial transaction processing and clearing-house services - 66171000 - Financial consultancy services ## Release History - 4 May 2022 at 10:13 - Award - S2W Notice - Website Contract Award Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=115326 ## Notice URLs - https://www.ccla.co.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-kuma6s-115326. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-kuma6s-115326.json.