---
title: "Active Multi Asset Investment Manager"
ocid: "ocds-r6ebe6-0000757610"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000757610"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000757610.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000757610.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "RENFREWSHIRE COUNCIL"
published: "2024-10-07"
---

# Active Multi Asset Investment Manager

Buyer: RENFREWSHIRE COUNCIL  
Current stage: Award  
OCID: ocds-r6ebe6-0000757610

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## Summary

Renfrewshire Council has appointed LGT Wealth Management as the Active Multi Asset Investment Manager to oversee various investment funds including the Paisley Common Good Fund, Renfrew Common Good Fund, Renfrewshire Educational Trust, and the Renfrewshire Council Insurance Fund. This contract, awarded under an open procurement method, commenced on 26 September 2024, with the tender process reaching the award stage. The entire procurement process was conducted in accordance with the Government Procurement Agreement (GPA) threshold for services, and the contract is valued at £698,610. The primary focus of this procurement falls under the industry category of "financial services" (CPV: 66100000) and is meant to generate returns to support community projects within Renfrewshire, specifically in the UKM83 region.

This tender creates significant opportunities for firms specialising in multi-asset investment management and financial services. Companies with robust financial acumen, compliance with regulatory requirements, and a strong track record in handling large-scale investment portfolios will find this contract particularly lucrative. Renfrewshire Council prioritises firms that can deliver superior quality and secure cyber principles, making it ideal for large-scale investment firms with advanced technological capabilities and a demonstrated history of effective financial management. The project supports community initiatives, presenting additional CSR opportunities which can enhance a firm's local community engagement and corporate image.

## Notice

Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the "Investment Manager" or " Service Provider") to manage the investments and generate a return which is then distributed to support community projects. The Investment Manager will manage: - the Paisley Common Good Fund and the Renfrew Common Good Fund ("Common Good Funds"), - the Renfrewshire Educational Trust ("Educational Trust") and - the Renfrewshire Council Insurance Fund ("Insurance Fund")

### Lot Information

Lot 1

The Tender Procedure will be conducted in accordance with an above Government Procurement Agreement (GPA) Threshold Open Tender procedure relating to a Services Contract.

Renewal: The Contract has the option to extend for up to two (2) years. Any extension will be at the sole discretion of Renfrewshire Council, and dependent on satisfactory performance.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT515641 |
| Notice type | OJEU - F3 - Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Oct 2024 |
| Submission deadline | 5 Apr 2024 |
| Future notice date | Not specified |
| Award date | 26 Sep 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £698,610 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Not specified |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | RENFREWSHIRE COUNCIL |
| Locality | PAISLEY |
| Post town | Paisley |
| Postcode | PA1 1JD |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM33 Inverclyde, East Renfrewshire, and Renfrewshire |
| Local authority | Renfrewshire |
| Electoral ward | Paisley East and Central |
| Westminster constituency | Paisley and Renfrewshire South |
| Delivery location | TLM83 Inverclyde, East Renfrewshire, and Renfrewshire |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LGT WEALTH MANAGEMENT |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services

## Release History

- 7 Oct 2024 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT515641
- 5 Mar 2024 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR500121

## Documents

- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR500121
  Active Multi Asset Investment Manager - Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the "Investment Manager" or " Service Provider") to manage the investments and generate a return which is then distributed to support community projects. The Investment Manager will manage: - the Paisley Common Good Fund and the Renfrew Common Good Fund ("Common Good Funds"), - the Renfrewshire Educational Trust ("Educational Trust") and - the Renfrewshire Council Insurance Fund ("Insurance Fund")
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT515641
  Active Multi Asset Investment Manager - Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the "Investment Manager" or " Service Provider") to manage the investments and generate a return which is then distributed to support community projects. The Investment Manager will manage: - the Paisley Common Good Fund and the Renfrew Common Good Fund ("Common Good Funds"), - the Renfrewshire Educational Trust ("Educational Trust") and - the Renfrewshire Council Insurance Fund ("Insurance Fund")

## Notice URLs

- http://
- http://www.publictendersscotland.publiccontractsscotland.gov.uk/
- http://www.renfrewshire.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000757610
- 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-r6ebe6-0000757610. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000757610.json.