Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Wirral Borough Council
Wallasey Town Hall, Brighton Street, Brighton Street
Wallasey
CH44 8ED
UK
E-mail: tenders@wirral.gov.uk
Fax: +44 1516918233
NUTS: UKD74
Internet address(es)
Main address: http://www.wirral.gov.uk/
Address of the buyer profile: http://www.wirral.gov.uk/
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Equity Downside Risk Management
Reference number: DN348547
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
Merseyside is seeking to control equity risk on a medium-term basis (c.18 months horizon) and possibly on a longer term strategic basis through the use of an equity overlay solution(s).
This opportunity is to identify providers capable of supporting Merseyside with their equity overlay needs which may range from basic put protection through to more complex strategies (e.g. put-spread collar or other such structures).
Initially the exercise will focus on selection of a manager or managers to provide a put-spread collar with a preference for a cost-neutral solution. However, managers should be able to offer a customised approach to fit a range of different plan requirements within the aggregate pool.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
5 000 000.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKD74
II.2.4) Description of the procurement
Merseyside is seeking to control equity risk on a medium-term basis (c.18 months horizon) and possibly on a longer term strategic basis through the use of an equity overlay solution(s).
This opportunity is to identify providers capable of supporting Merseyside with their equity overlay needs which may range from basic put protection through to more complex strategies (e.g. put-spread collar or other such structures).
Initially the exercise will focus on selection of a manager or managers to provide a put-spread collar with a preference for a cost-neutral solution. However, managers should be able to offer a customised approach to fit a range of different plan requirements within the aggregate pool.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 50
Price
/ Weighting:
50
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Competitive procedure with negotiation
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
Section V: Award of contract
Contract No: DN348547
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
20/12/2018
V.2.2) Information about tenders
Number of tenders received: 8
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Eaton Vance Management (International) Ltd
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 5 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Contract No: DN348547
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
20/12/2018
V.2.2) Information about tenders
Number of tenders received: 8
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Insight Investment Management (Global) Ltd
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 5 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Contract No: DN348547
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
20/12/2018
V.2.2) Information about tenders
Number of tenders received: 8
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
LGIM
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 5 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Contract No: DN348547
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
20/12/2018
V.2.2) Information about tenders
Number of tenders received: 8
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
River and Mercantile
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 5 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Contract No: DN348547
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
20/12/2018
V.2.2) Information about tenders
Number of tenders received: 8
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Schroder Investment Management Ltd
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 5 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Royal Courts of Justice
London
UK
VI.5) Date of dispatch of this notice
22/02/2019