Published date: 31 May 2017
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
Banking and investment services - 66100000
Location of contract
North East
Value of contract
£2,500,000
Procurement reference
NCL001-DN276639-17720349
Published date
31 May 2017
Closing date
30 June 2017
Contract start date
1 September 2017
Contract end date
1 September 2022
Contract type
Service contract
Procedure type
Open procedure
Any interested supplier may submit a tender in response to an opportunity notice.
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
The scope of the tender will be:
Lot 1 - UK Equity Manager
Tender process is to appoint an active UK equity (excluding tobacco) investment manager to manage up to in the region of £25m to £35m on behalf of a University of Newcastle endowment fund. Some non UK equities are allowed but must not exceed 20% of the total portfolio by value. Bidders should disclose the control ranges which they apply to non UK holdings. The university will also give preference to investment managers who preferentially invest in progressive companies that are working towards low carbon solutions and who will provide the University with reports on the carbon foot-print of companies within its portfolio. Other services expected will include monitoring the performance of the fund and presenting at University meetings on an annual basis.
Lot 2 - Global Equity Manager
Tender process is to appoint an active global equity (excluding tobacco) investment manager to manage in the region of between £25m and £35m on behalf of a University of Newcastle endowment fund. Some UK equities are allowed but must not exceed 20% of the total portfolio by value. Bidders should disclose the control ranges which they apply to UK holdings. The university will also give preference to investment managers who preferentially invest in progressive companies that are working towards low carbon solutions and who will provide the University with reports on the carbon foot-print of companies within its portfolio. Other service expected will include monitoring the performance of the fund and presenting at University meetings on an annual basis.
About the buyer
Contact name
Leigh Anderson
Address
Newcastle University
1 Park Tce
Newcastle upon Tyne
NE1 7RU
England
Telephone
+44 1912228618
Website
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Closing: 30 June 2017
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