Published date: 2 March 2022

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: 4 April 2022, 12pm

Contract summary

Industry

  • Investment banking services and related services - 66120000

Location of contract

England

Value of contract

£2,500,000

Procurement reference

NCL001-DN597651-60739141

Published date

2 March 2022

Closing date

4 April 2022

Closing time

12pm

Contract start date

1 September 2022

Contract end date

31 August 2027

Contract type

Service contract

Procedure type

Restricted procedure

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

This tender process is to appoint an active global equity investment manager/s to manage in the region of £75m behalf of the University of Newcastle endowment fund.
Social and environmental justice are core values of the University and we are committed to socially and environmentally responsible investment. We are looking to appoint investment managers with well-developed ESG approaches who will also work with us to achieve the aims of our Climate Action Plan. We do not permit investment in tobacco related companies or companies making revenue from armaments or from the extraction and production of fossil fuels.
UK equities are acceptable within the portfolio but must not exceed 20% of the total portfolio by value. Bidders should disclose the control ranges which they apply to UK holdings.

To be considered managers must meet the criteria outlined in the specification including:

• UNPRI signatory
• No investment in tobacco related companies or companies making revenue from armaments or from the extraction and production of fossil fuels.
• Is not currently and has not in the last five years been subject to serious regulatory investigation or action
• Track record of fund management team of at least ten years in running equity mandates
• Ability to contribute to the University's Climate Action Plan through the provision of reports on the carbon footprint of investment portfolios
All criteria are extremely important to the University and will not be negotiable.

About the buyer

Contact name

Leigh Anderson

Address

Newcastle University
1 Park Tce
Newcastle upon Tyne
NE1 7RU
England

Telephone

+44 1912088618

Email

leigh.anderson@ncl.ac.uk

Website

https://www.ncl.ac.uk