CONTRACT AWARD NOTICE – OFFICIAL JOURNAL
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Section I: Contracting Authority
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I.1)
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Name, Address and Contact Point(s)
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South Yorkshire Pensions Authority |
c/o Mercer Limited, Belvedere, 12 Booth Street |
Manchester |
M2 4AW |
UK |
Investment Consulting
Kazmen Lian (Email only) |
+44 1618376572 |
kazmen.lian@mercer.com |
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http://www.mytenders.org/search/Search_AuthProfile.aspx?ID=AA32229
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I.2)
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Type of contracting Authority and Main Activity or Activities
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Yes South Yorkshire
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Section II: Object of the Contract
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II.1)
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Description
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II.1.1)
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Title attributed to the contract by the contracting authority
South Yorkshire Pensions Authority Buy and Maintain Credit Manager Search.
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II.1.2(a))
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Type of works contract
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II.1.2(b))
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Type of supplies contract
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II.1.2(c))
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Type of service contract6
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II.1.2)
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Main site or location of works, place of delivery or performance
South Yorkshire. UKE3 |
II.1.3)
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This notice involves a framework agreement
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II.1.4)
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Short description of the contract or purchase(s)
The Scheme requires an investment manager for a Buy and Maintain (‘B&M’) credit portfolio with an estimated value of 5 % of the Scheme's assets. This is equivalent to c.250 000 000 GBP as of 31.3.2014. The appointment will be for 1 manager.
The portfolio will be managed on a segregated basis in line with the Scheme's requirements. Further details can be found in the document titled Specification for Mandate.
The portfolio is expected to achieve diversification predominately through portfolio construction and credit selection within the limits set out in the Specification for Mandate document. The portfolio should focus on Sterling denominated credits, however an allocation to major overseas markets may be considered so long as the currencies are hedged back to Sterling and is consistent with the overall objective of the mandate. Broad exposure within the limits set across regions, sectors and company size bands is also required.
Managers should confirm compliance with the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009.
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II.1.5)
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Common Procurement Vocabulary (CPV)
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66100000 |
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II.1.6)
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Contract covered by the government procurement agreement (GPA) Yes |
II.2)
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Total final value of the contract(s)
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II.2.1)
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Total final value of the contract(s)
1 750 000
GBP
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Section IV: Procedure
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IV.1)
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Type of procedure
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IV.1.1)
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Type of procedure |
IV.2)
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Award criteria
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IV.2.1)
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Award criteria

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Quality |
90 |
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Price |
10 |
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IV.2.2)
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An electronic auction has been used No
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IV.3)
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Administrative information
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IV.3.1)
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File reference number attributed by the contracting authority
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IV.3.2)
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Previous publication(s) concerning the same contract 2014/S 248-439319 24-12-2014
Other previous publications
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Section V: Award of contract
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145556 |
V.1)
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Date of contract award: 30-04-2015 |
V.2)
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Numbers of offers received:33 |
V.3)
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Name and address of economic operator to whom the contract has been awarded
Royal London Asset Management |
55 Gracechurch St |
London |
EC3V 0RL |
UK |
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V.4)
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Information on value of contract
1 750 000 GBP
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V.5)
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The contract is likely to be subcontracted No
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Short description of the value/proportion of the contract to be subcontracted
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Section VI: Complementary Information
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VI.1)
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Contract related to a project and/or programme financed by community funds? No
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VI.2)
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Additional Information
(MT Ref:153410).
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VI.3)
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Procedures for appeal
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VI.3.1)
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Body responsible for appeal procedures
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Body responsible for mediation procedures
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VI.3.2)
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Lodging of appeals
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VI.3.3)
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Service from which information about the lodging of appeals may be obtained
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VI.4)
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Dispatch date of this Notice 05-05-2015 |