View Expired Tender

Get immediate access to tenders like the one below by subscribing now to Tenders Direct. We will set up your personalised profile and send you tender alerts direct to your mailbox as soon as they are published. You will also benefit from having access to historical tenders.

Notice Summary

UK-Reading: Contract for Investment Manager for Endowment Funds
GB003ZM306917
University of Reading
23 August 2019
26 September 2019
Contract Notice - Other
No

Notice Abstract

The University of Reading has a number of endowment assets held across a variety of classes, including agricultural land and investment properties, as well as more traditional endowment funds. The total amount held within these endowment funds (mainly equities and bonds) totalled £122.8m at 31 July 2019. The University of Reading and its associated Trusts and subsidiaries (the “University Group”), will appoint the Bidder who can manage the £120m+ of endowment portfolios as currently constituted, but with the capacity and expertise to expand the remit if required to include other classes of asset (such as private equity and infrastructure assets). This tender is for Investment Manager only, but the University is also interested in certain additional services. This is investment advice on a wider portfolio of assets. To this end, a second optional section and series of questions has been included. This section is not compulsory, but should prospective managers answer these questions they will carry an overall weighting of 10% in the final scoring. This is the additional value that the University places on these investment advisor services. However, the University does not want to dissuade interest from those only looking to manage the core endowment funds portfolio, and therefore the weighting of 90% reflects the fact that this is the key focus of the tender.

Notice Details

CONTRACT NOTICE – NATIONAL

SERVICES

1 Authority Details

1.1

Authority Name and Address


University of Reading

N/A

Reading


UK

N/A

N/A


N/A

1.2

Address from which documentation may be obtained

As in 1.1

1.3

Completed documents must be returned to:

As in 1.1

2 Contract Details

2.1

Title

Contract for Investment Manager for Endowment Fundsi

2.2

Description of the goods or services required

The University of Reading has a number of endowment assets held across a variety of classes, including agricultural land and investment properties, as well as more traditional endowment funds. The total amount held within these endowment funds (mainly equities and bonds) totalled £122.8m at 31 July 2019.

The University of Reading and its associated Trusts and subsidiaries (the “University Group”), will appoint the Bidder who can manage the £120m+ of endowment portfolios as currently constituted, but with the capacity and expertise to expand the remit if required to include other classes of asset (such as private equity and infrastructure assets).

This tender is for Investment Manager only, but the University is also interested in certain additional services. This is investment advice on a wider portfolio of assets. To this end, a second optional section and series of questions has been included.

This section is not compulsory, but should prospective managers answer these questions they will carry an overall weighting of 10% in the final scoring. This is the additional value that the University places on these investment advisor services.

However, the University does not want to dissuade interest from those only looking to manage the core endowment funds portfolio, and therefore the weighting of 90% reflects the fact that this is the key focus of the tender.

2.3

Notice Coding and Classification

2.4

Total quantity or scope of tender

Estimated Value : Circa £418k per annum, contract period is initial 5 years with opportunity to extend for further 5 years making total potential value £418k * 10 = £4.2m for 10 years

3 Conditions for Participation

3.1

Minimum standards and qualification required

4 Administrative Information

4.1

Type of Procedure

The procedure type is unknown.

4.2

Reference number attributed to the notice by the contracting authority

UOR/EU/19/002

4.3

Time Limits

   26-09-2019  Time 12:00

4.5

Language or languages in which tenders or requests to participate can be drawn up

EN 

4.6

Tender Submission Postbox

5 Other Information

5.1

Additional Information

Please visit the following portal to view this notice:

https://in-tendhost.co.uk/theuniversityofreading/aspx/ProjectManage/1566

Date documents can be requested until: 26 Sep 2019 at 12:00 hrs

(UTC +01:00) GMT Daylight Time

(MT Ref:306917)

5.2

Additional Documentation

5.3

Publication date of this notice

 23-08-2019