Published date: 1 August 2019

Last edited date: 1 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: 2 September 2019

Contract summary

Industry

  • Financial and insurance services - 66000000

  • Portfolio management services - 66140000

  • Financial consultancy services - 66171000

    • Financial management consultancy services - 79412000

Location of contract

W1B 1PZ

Value of contract

£1,800,000 to £2,000,000

Procurement reference

FIN-00000094

Published date

1 August 2019

Closing date

2 September 2019

Contract start date

23 December 2019

Contract end date

22 December 2024

Contract type

Service contract

Procedure type

Restricted procedure (above threshold)

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

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

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

The NMC currently has approximately £90m in cash and has recently decided to allocate funds in the region of £30m to a successful supplier to manage as long term investments.
Our thinking is that the funds will remain invested for the long term and it is highly unlikely access would be required in the next 5-10 years.

The investment manager will be provided with clear objectives and given full responsibility to take decisions as to how funds are invested within the framework of our investment policies.

The Investment Policy provided sets out in full our objectives and restrictions on investment. It breaks down our investment assets into three portfolios and specific associated policies: Short, Medium and Long term. In this procurement we are seeking an investment manager only for assets held in the Long Term portfolio.

Therefore, a portfolio with a strategic asset allocation which is then tactically adjusted is expected.

We are appointing one manager for this allocation of funds.

More information

Links

Additional text

Responses to the ITT are to be completed electronically using the NMC e-Sourcing portal ('e-Sourcing Portal'):

https://in-tendhost.co.uk/nmc


Is a Recurrent Procurement Type? : No

About the buyer

Contact name

Zoran Kahvo

Address

Marylebone
London
London
W1B 1PZ
United Kingdom

Telephone

02076815480

Email

zoran.kahvo@nmc-uk.org