Published date: 5 October 2015
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 West, London
Value of contract
£0
Procurement reference
MT163872
Published date
5 October 2015
Closing date
30 October 2015
Contract start date
31 December 2015
Contract end date
31 December 2020
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?
Yes
Contract is suitable for VCSEs?
No
Description
The objective of this tender is to appoint a fund manager who will initially invest a maximum of 10 million GBP under management on behalf of the GMC. This amount will be reviewed annually by the GMC Council.
The successful tenderer will be free to invest through a mutual fund, segregated portfolio, or a combination of both.
The GMC has a low risk appetite and we wish to protect against volatility, capital loss and the erosion of asset value by inflation. The GMC therefore seeks to generate the best financial return that is consistent with our attitude to risk and therefore aim to achieve a target rate of return on funds under management of inflation (CPI) plus 2 percent, over a rolling five year period. The GMC requires that any income generated by the fund is efficiently reinvested in the fund.
Asset allocations will be determined by the fund managers in order to achieve the target return as long as they align with the GMC's ethical investment approach. The GMC seeks to avoid those investments that we believe conflict with our charitable aims and as such will invest only through fund managers who demonstrate the strongest environmental, social and governance credentials.
More information
Links
-
- http://www.mytenders.org/search/show/search_view.aspx?ID=OCT115493
- Tender notice
- NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.
About the buyer
Contact name
Gordon Duffus
Address
3 Hardman Street
Manchester
M3 3AW
England
Telephone
+44 1619236340
Website
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Closing: 30 October 2015
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