Official UK procurement notice
NU/ 1756 The Provision of Global Equity Manager/s
Authority: Newcastle University (Education)
What is being bought
Published requirement descriptionThe university appointed active global equity investment managers to manage in the region of £75m behalf of the University of Newcastle endowment fund.
CPV: Investment banking services and related services
The lotProcurement structure
single lot · value publishedLot #1The University wishes to appoint active global equity investment manager/s (between 1…AwardedPublished value£2,500,000
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.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published award criteria (2)
- Quality: 70
- Price: 30
- Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Restricted procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 2 Mar 2022, 14:10 GMT
- Last source update
- 27 Jul 2022, 09:48 BST
- Authority reference
DN597651- FTS notice number
2022/S 000-020418- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-031cf0Find a Tender
- Review procedure
The University will incorporate a standstill period at the point information on the award of the
contract is communicated to tenderers. That notification will provide full information on the award decision. The standstill period, which will be for a minimum of 10 calendar days, provides time for unsuccessful tenderers to challenge the award decision before the contract is entered into.
The Public Contracts Regulations 2015 (SI 2015 No 102) provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland) within 30 days of knowledge or constructive knowledge of breach.
How it was run
Official notice- Submission deadline
- 4 Apr 2022, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
Timeline
4 Apr 2022 → 27 Jul 2022 · 3 dates- Submission deadline4 Apr 2022, 12:00 BST
- Invitations to tender expected20 Apr 2022, 00:00 BST
- Notice published27 Jul 2022, 09:48 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete27 Jul 2022, 09:48 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Janus Henderson Investors | — | — | Awarded |
| Liontrust Asset Management Plc | — | — | Awarded |
| SCHRODERS PLCThe Provision of Global Equity Manager/s | — | — | Awarded |
Contracts
Contract 020418-2022-NU/1756 The Provision of Global Equity Manager/s-1 · Janus Henderson Investors
- Signed
- 15 Jul 2022
- Value
- —
- Status
- active
NU/1756 The Provision of Global Equity Manager/s · Liontrust Asset Management Plc
- Signed
- 15 Jul 2022
- Value
- —
- Status
- active
The Provision of Global Equity Manager/s · SCHRODERS PLC
- Signed
- 15 Jul 2022
- Value
- —
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| The University wishes to appoint active global equity investment manager/s (between 1… | 4bids · 4 electronic | 0 | — | £800,000 – £830,000 |
| Whole notice | — | — | — | £2,000,000 – £2,500,000 |
Contracting authority & participating public bodies
Bidders & participating suppliers
3 commercial parties on the notice- Janus Henderson InvestorsAwarded supplier
- Liontrust Asset Management PlcAwarded supplier
- SchrodersAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.