Published date: 15 June 2018

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.


Closing: 16 July 2018

Contract summary

Industry

  • Pension fund management services - 66141000

Location of contract

SO23 8UJ

Value of contract

£0 to £6,600,000,000

Procurement reference

CO12563

Published date

15 June 2018

Closing date

16 July 2018

Contract start date

1 November 2018

Contract end date

31 October 2023

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The Hampshire Pension Fund was valued at £6.6bn at its last financial year end in March 2018 and has a strategic asset allocation to multi-asset credit of 10%, which is a new addition to its investment strategy. The Pension Fund will appoint a maximum of three investment managers to manage the multi-asset credit mandates.

The overall mandate objective is to achieve a return of UK 3 month LIBOR plus 3-5% per annum net of fees, over three and five year rolling periods.

The mandate should seek to achieve its return objective by investing primarily in a portfolio of high yield fixed and floating rate corporate debt instruments issued by North American and European companies.

The Contract will commence on 1st November 2018 and will be for a period of five years.

Interested parties should register their interest in the project via the In-Tend website https://in-tendhost.co.uk/hampshire, and complete and submit the tender return document together with any supporting information requested by 14.00 hrs on Monday 16th July 2018.

More information

Links

Additional text

Is a Recurrent Procurement Type? : Yes

About the buyer

Contact name

Stevie Fountain

Address

The Castle
Winchester
Hampshire
SO23 8UJ
United Kingdom

Telephone

01962 826906

Email

stevie.fountain@hants.gov.uk