Published date: 13 December 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.


Closing: 14 January 2019

Contract summary

Industry

  • Business and management consultancy and related services - 79400000

Location of contract

B15 2TT

Value of contract

£0

Procurement reference

FRAM432/19

Published date

13 December 2018

Closing date

14 January 2019

Contract start date

11 March 2019

Contract end date

10 March 2021

Contract type

Service contract

Procedure type

Open procedure (above threshold)

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

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

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Investment Advice:
The provision of quarterly investment reviews / reports of the performance of the University's University Investment Fund and Long Term Endowment Fund.

Attendance at quarterly Investment Sub Committee meetings to review all aspects of investment performance and asset allocation relating to the University Investment Fund and Long Term Endowment Fund. Ad-hoc meetings may also be required with University management.

Investment advice required includes the following:
I) investment strategy
II) market review
III) market outlook
IV) asset Allocation, including annual Strategic Asset Allocation Reviews for the University Investment Fund and Long Term Endowment Fund
V) risk management
VI) advice on governance issues (e.g. ethical policy, voting rights)
VII) consideration of 'alternative' asset classes
VIII) information and advice on investment industry trends, new and existing investment management methods, areas and products
IX) recommending benchmarks for investment performance measurement
X) fee negotiation with investment managers (whether existing or new)
XI) advice on the appointment and dismissal of Fund Managers
XII) the provision of relevant information for and participate in investment management "Beauty Parades" (i.e. advertisement, short list, questionnaires, final interviews etc.).

Performance and risk measurement:

Quarterly investment reports are also required to include performance analysis / measurement information. Performance analysis will be driven by data received from external investment managers. Reports should include as a minimum detail on:
XIII) underlying managers' performance compared to the agreed benchmarks
XIV) peer group performance comparison
XV) "See-through" asset allocation analysis, including relative regional and sector analysis
XVI) performance attribution analysis
XVII) active risk analysis
XVIII) attribution to total fund excess return analysis.

Performance should be graphically displayed and include narrative summary and a breakdown by factors. Performance should be reconciled to managers' performance data before being provided to the University. The reports are required to be bespoke and reflect the University's particular requirements.

More information

Links

Additional text

Tender documents can be accessed by registering at https://in-tendhost.co.uk/universityofbirmingham/aspx/Home

Queries regarding the process should be sent through the correspondence function of in-tend. Responses may be shared with all who have expressed an interest in the project.

Is a Recurrent Procurement Type? : No

About the buyer

Contact name

Paul Markham

Address

Edgbaston
Edgbaston
Edgbaston
B15 2TT
United Kingdom

Telephone

0121 415 8807

Email

p.markham@bham.ac.uk