Published date: 28 January 2020

Last edited date: 11 February 2020

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 26 September 2019

Contract summary

Industry

  • Banking and investment services - 66100000

Location of contract

RG6 6AB

Value of contract

£4,000,000 to £4

Procurement reference

UOR/EU/19/002 - AWARD

Published date

28 January 2020

Closing date

26 September 2019

Contract start date

28 January 2020

Contract end date

14 January 2030

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

The University of Reading has a number of endowment assets held across a variety of classes, including agricultural land and investment properties, as well as more traditional endowment funds. The total amount held within these endowment funds (mainly equities and bonds) totalled £122.8m at 31 July 2019.

The University of Reading and its associated Trusts and subsidiaries (the "University Group"), will appoint the Bidder who can manage the £120m+ of endowment portfolios as currently constituted, but with the capacity and expertise to expand the remit if required to include other classes of asset (such as private equity and infrastructure assets).

This tender is for Investment Manager only, but the University is also interested in certain additional services. This is investment advice on a wider portfolio of assets. To this end, a second optional section and series of questions has been included.
This section is not compulsory, but should prospective managers answer these questions they will carry an overall weighting of 10% in the final scoring. This is the additional value that the University places on these investment advisor services.
However, the University does not want to dissuade interest from those only looking to manage the core endowment funds portfolio, and therefore the weighting of 90% reflects the fact that this is the key focus of the tender.

Award information

Awarded date

27 January 2020

Contract start date

28 January 2020

Contract end date

14 January 2030

Total value of contract

£2,930,642.97

This contract was awarded to 1 supplier.

Schroder & Co Limited trading as Cazenove Capital

Address

1 London Wall Place, London, Merton Park, United Kingdom, EC2Y 5AU

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Chriss Harrison

Address

Whiteknights
Reading
-
RG6 6AB
United Kingdom

Telephone

0118 378 8307

Email

c.c.harrison@reading.ac.uk

Website

reading.ac.uk