Published date: 10 July 2018
Last edited date: 10 July 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.
Contract summary
Industry
Financial and insurance services - 66000000
Location of contract
North West
Value of contract
£5,000,000
Procurement reference
WIRLC001-DN348547-12761266
Published date
10 July 2018
Closing date
9 August 2018
Contract start date
15 October 2018
Contract end date
14 October 2022
Contract type
Service contract
Procedure type
Competitive dialog
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
Merseyside is seeking to control equity risk on a medium-term basis (c.18 months horizon) and possibly on a longer term strategic basis through the use of an equity overlay solution(s). This opportunity is to identify providers capable of supporting Merseyside with their equity overlay needs which may range from basic put protection through to more complex strategies (e.g. put-spread collar or other such structures). Initially the exercise will focus on selection of a manager or managers to provide a put-spread collar with a preference for a cost-neutral solution. However, managers should be able to offer a customised approach to fit a range of different plan requirements within the aggregate pool. The maximum notional size of the mandate is c.£2 billion. This comprises multiple individual plans with their own requirements; potentially c.10 different overlay parametrisations will be required with a minimum lot size of £150m. Merseyside are seeking to identify and appoint a framework of approved equity overlay managers for use as required by its underlying plans.
About the buyer
Address
Old Market House, 3rd Floor, South Wing
Hamilton Street
Birkenhead
CH41 5AL
England
Telephone
+44 1516662000
Website
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Closing: 9 August 2018
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