Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
University of Exeter
RC000653
Northcote House
Exeter
EX4 4QH
UK
Contact person: Dave Burchill
Telephone: +44 11111111
E-mail: d.burchill@exeter.ac.uk
NUTS: UKK
Internet address(es)
Main address: http://www.exeter.ac.uk
Address of the buyer profile: https://uk.eu-supply.com/ctm/Company/CompanyInformation/Index/53042
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Education
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Investment Fund Manager
Reference number: UOE/2018/029
II.1.2) Main CPV code
66100000
II.1.3) Type of contract
Services
II.1.4) Short description
The University has appointed a single Investment Fund Manager to manage its investment fund.
The University currently invests approximately 40 000 000 GBP in a multi-asset portfolio and has recently decided to review the portfolio to better incorporate ESG factors. The University is looking to implement a “best in class” ESG focussed portfolio.
The mandate for the successful Investment Fund Manager is to invest around 40 000 000 GBP. There are not expected to be significant income requirements in the foreseeable future.
The University’s current investment objective for the overall portfolio is to achieve an investment return of CPI+4 % p.a. over the long-term.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
2 500 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
66100000
II.2.3) Place of performance
NUTS code:
UKK
II.2.4) Description of the procurement
The University has appointed a single Investment Fund Manager to manage its investment fund.
An EU Restricted Procedure has been completed to procure these services. The University's key aim was to procure a 'best in class' ESG solution.
II.2.5) Award criteria
Quality criterion: Investment approach, portfolio and strategy
/ Weighting: 30
Quality criterion: ESG strategy/engagement/reporting
/ Weighting: 30
Quality criterion: People (fund manager and client relationship)
/ Weighting: 10
Quality criterion: Proposed solution (including fund structure, currency hedging, liquidity, reporting, transaction process)
/ Weighting: 10
Quality criterion: Performance (either of funds or similar mandates)
/ Weighting: 10
Cost criterion: Fee proposal
/ Weighting: 10
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
Restricted procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2018/S 162-370580
Section V: Award of contract
Contract No: 1
Title: Investment Fund Manager
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
08/01/2019
V.2.2) Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 0
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 5
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Rathbone Investment Management Ltd
01448919
1 Curzon Street
London
W1J 5FB
UK
E-mail: james.brennan@rathbones.com
NUTS: UKI
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 2 500 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Royal Court of Justice
London
UK
VI.5) Date of dispatch of this notice
01/03/2019