Published date: 31 May 2018
This notice was replaced on 28 January 2019
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Awarded contract (published 28 January 2019)
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Financial and insurance services - 66000000
Location of contract
West Midlands
Value of contract
£26,000,000
Procurement reference
WOLVCITY001-DN343336-51597924
Published date
31 May 2018
Closing date
2 July 2018
Contract start date
1 November 2018
Contract end date
31 March 2029
Contract type
Service contract
Procedure type
Competitive dialog
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
LGPS Central Limited is a private company, owned by its investors, responsible for the pooling of nine regional pension plans' investments, responsible for AUM in the region of £40billion. The company received authorisation from the FCA in January 2018. The key objectives of the LGPS Central pool are to: - meet the investment objectives of the partner funds - establish a collaborative platform through which administering authorities of the partner Funds can aggregate their pension assets, with a view to providing scale economies and improved investment efficiency - create capacity to invest in asset classes which individual funds may find difficult to access - stimulate innovation, and provide an opportunity for funds to engage with the investment industry in finding new and creative approaches to the funding challenges faced by the LGPS (and the wider pensions sector) - act as a responsible, long-term investor, using its influence as a shareholder to promote the highest standards of corporate stewardship The company is looking for global active emerging markets equity managers to manage a fund in the region of £1.5billion. Successful candidates will be able to demonstrate: - consistent, robust, repeatable, investment process - responsible investment at the heart of the investment process - concentrated portfolio - low, fully transparent costs - full transparency (look through) with the ACS custodian
More information
Additional text
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The partnership is made up of the local authority pension schemes of Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Staffordshire, Shropshire, West Midlands, Worcestershire & West Midlands ITA.
All queries and bids must be submitted via the portal at www.wolverhamptontenders.com Please allow sufficient time to upload your response.
About the buyer
Contact name
Jessica Prince
Address
Civic Centre
St Peters Square
Wolverhampton
WV1 1RL
England
Telephone
+44 1902556556
jessica.prince@wolverhampton.gov.uk
Website
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