CONTRACT NOTICE – NATIONAL

1 Authority Details

1.1

Authority Name and Address

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

T.0435 Investment Manager for Charitable Funds

2.2

Description of the goods or services required

The Betsi Cadwaladr University Health Board Charity and other related Charities (the Charity), registered charity number 1138976, is constituted under a trust deed dated 23rd September 2010. Within this group registration arrangement there are two charities:

• Betsi Cadwaladr University Health Board Charity; and

• The Ron and Margaret Smith Cancer Appeal

NHS charitable funds are defined as all monies donated to the Health Board for purposes related to the NHS and include voluntary donations, legacies and fundraising. BCUHB is the legal corporate trustee of the Charity which means that whilst the Board members are responsible for the administration of the funds, they are not individually trustees of the Charity. On 24th June 2013, the BCUHB Charitable Funds Committee agreed to rename the Charity as Awyr Las Gogledd Cymru/Blue Sky North Wales. The vision of the Charity is stated as ‘To use Charitable Funds to make a real difference to our patients, their families and staff across North Wales in the delivery of safe and effective healthcare’ (Making it happen – a Strategy for Charitable Funds Income, November 2010).

Many of the donations and legacies received by the Charity cannot be spent immediately, as they need to be accumulated to fund the most appropriate purchases to improve patient care. Therefore, in order to obtain the best return on its reserves, the Charity invests in the stock market.

An investment manager is required to manage these investments, in order to maximise the return to the Charity, whilst minimising the risk. A separate portfolio to that of the main Charity is maintained on behalf of the Ron and Margaret Smith Cancer Appeal and all income and profits generated by this portfolio are returned directly to the Appeal. Therefore, the Charity requires the management of two portfolios under one umbrella.

The Charity has adopted an ethical framework for its investments, with underlying principles supporting an ethical component of the overall investment strategy. This gives direction to the investment manager to develop a suitable investment strategy which is consistent with these ethical principles, whilst affording sufficient flexibility to provide the best balance of risk and reward for the Charity.

NOTE: The authority is using eTenderwales to carry out this procurement process. To obtain further information record your interest on Sell2Wales at http://www.sell2wales.gov.uk/search/search_switch.aspx?ID=18988

2.3

Notice Coding and Classification

2.4

Total quantity or scope of tender

3 Conditions for Participation

3.1

Minimum standards and qualification required

4 Administrative Information

4.1

Type of Procedure

Single stage

4.2

Reference number attributed to the notice by the contracting authority

T.0435

4.3

Time Limits

4.5

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

4.6

Tender Submission Postbox

5 Other Information

5.1

Additional Information

Please see Information for Bidders in Bravo documents

(WA Ref:18988)

5.2

Additional Documentation

5.3

Publication date of this notice