---
title: "HH052-23-HB Investment Manager Services - Endowment Fund"
ocid: "ocds-r6ebe6-0000745998"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000745998"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000745998.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000745998.json"
source: "Public Contracts Scotland"
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-r6ebe6-0000745998

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## Summary

The procurement process for the HH052-23-HB Investment Manager Services for the Endowment Fund is led by NHS Highland, located in Inverness, UK. The tender, initiated in planning stage, involves the provision of investment services for NHS Highland and NHS Orkney Health Boards. The procurement method is selective, following a restricted procedure. The deadline for submissions was March 18, 2024, with a contract period from April 1, 2024, to March 31, 2028. The contract has been awarded to Adam & Company Wealth Management for an amount of GBP 188,000.

This tender for Investment Manager Services presents growth opportunities for businesses in the financial services sector, particularly those with expertise in endowment fund investments. Being a service-focused procurement, businesses with strong credentials in quality investment advisory services that align with responsible investment principles are well-suited to compete. The contract duration, renewal options, and the specified insurance requirements indicate a long-term partnership opportunity for qualified firms to contribute to the financial sustainability of the Health Boards.

## 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 | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR502176 |
| Notice type | OJEU - F3 - Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 2 Apr 2024 |
| Submission deadline | 31 Oct 2023 |
| Future notice date | Not specified |
| Award date | 18 Mar 2024 |
| Contract period | 1 Apr 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 | Complete |
| Awards status | Not specified |
| 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 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR502176
- 6 Oct 2023 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT489876

## Documents

- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT489876
  HH052-23-HB Investment Manager Services - Endowment Fund - NHS Highland and NHS Orkney Health Boards require the provision of Investment Manager Services for their Endowment Funds.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR502176
  HH052-23-HB Investment Manager Services - Endowment Fund - NHS Highland and NHS Orkney Health Boards require the provision of Investment Manager Services for their Endowment Funds.

## Notice URLs

- http://
- http://www.nhshighland.scot.nhs.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000745998
- https://www.publictendersscotland.publiccontractsscotland.gov.uk
- 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-r6ebe6-0000745998. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000745998.json.