Published date: 27 July 2022
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Investment banking services and related services - 66120000
Location of contract
United Kingdom
Value of contract
£2,000,000 to £2,500,000
Procurement reference
NCL001-DN597651-88652889
Published date
27 July 2022
Closing date
24 May 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
The University wishes to appoint active global equity investment manager/s (between 1 and 3 companies) 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.
More information
Award information
Awarded date
27 July 2022
Contract start date
1 September 2022
Contract end date
31 August 2027
Total value of contract
£2,500,000
This contract was awarded to 3 suppliers.
Janus Henderson Investors
Address
2012 Bishopsgate
London
EC2M 3AEReference
None
Supplier is SME?
No
Supplier is VCSE?
No
Liontrust Asset Management Plc
Address
2 Savoy Court
London,
WCR 0EZReference
None
Supplier is SME?
No
Supplier is VCSE?
No
Schroders
Address
1 London Wall Place
London
EC2Y 5AUReference
None
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Contact name
Leigh Robinson
Address
Newcastle University
1 Park Tce
Newcastle upon Tyne
NE1 7RU
England
Telephone
+44 1912088618
Website
Share this notice
Closing: 24 May 2022, 12pm
All content is available under the
