Published date: 21 August 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.


Closing: 30 August 2019

Contract summary

Industry

  • Financial consultancy services - 66171000

Location of contract

North East

Value of contract

£35,000

Procurement reference

NCL001-DN430927-07478859

Published date

21 August 2019

Closing date

30 August 2019

Contract start date

9 September 2019

Contract end date

4 December 2019

Contract type

Service contract

Procedure type

Open procedure

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

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The University holds a number of expendable and permanent endowments, which are invested as a General Investment Pool. The total value of these funds as at 30th April 2019 was £81.1m. The University's practice is to tender for investment manager services every four years with the next tenders for equity managers due in 2021 and the next tenders for alternative asset classes due in 2022. However, the University is minded to bring forward the next tender exercise for equities to 2020.

Prior to any tender exercise being undertaken, the University is seeking independent advice on the options available for it in relation to ethical screening of investments and in particular its approach to companies involved in fossil fuel extraction and exploitation.

Currently, the only mandatory screen applied by the University is on tobacco but we are minded to extend this screen to include companies involved in fossil fuel extraction and exploitation. This is in reaction to the University's recent declaration of a climate emergency, continued staff, student and community activism in this area and previous policy statements by the University.

More information

Links

About the buyer

Contact name

Neil Addison

Address

Newcastle University
King's Gate
Newcastle upon Tyne
NE1 7RU
England

Telephone

+44 1912087472

Email

neil.addison@ncl.ac.uk

Website

https://www.ncl.ac.uk