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Contract Award Notice

South Yorkshire Pensions Authority Buy and Maintain Credit Manager Search.

  • First published: 08 May 2015
  • Last modified: 08 May 2015
  • Version: N/A
  •  

  • This file may not be fully accessible.

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The buyer is not using this website to administer the notice.

To record your interest or obtain additional information or documents please find instructions within the Full Notice Text. (NOTE: Contract Award Notices and Prior Information Notices do not normally require a response)

Contents

Summary

OCID:
Published by:
South Yorkshire Pensions Authority
Authority ID:
AA26720
Publication date:
08 May 2015
Deadline date:
-
Notice type:
Contract Award Notice
Has documents:
No
Has SPD:
No
Has Carbon Reduction Plan:
N/A

Abstract

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.

Full notice text

CONTRACT AWARD NOTICE – OFFICIAL JOURNAL

Section I: Contracting Authority

I.1)

Name, Address and Contact Point(s)


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




http://www.mytenders.org/search/Search_AuthProfile.aspx?ID=AA32229

I.2)

Type of contracting Authority and Main Activity or Activities

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Yes

South Yorkshire

Section II: Object of the Contract

II.1)

Description

II.1.1)

Title attributed to the contract by the contracting authority

South Yorkshire Pensions Authority Buy and Maintain Credit Manager Search.

II.1.2(a))

Type of works contract

II.1.2(b))

Type of supplies contract

II.1.2(c))

Type of service contract

6

II.1.2)

Main site or location of works, place of delivery or performance

South Yorkshire.


UKE3

II.1.3)

This notice involves a framework agreement

Unchecked box
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II.1.4)

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.

II.1.5)

Common Procurement Vocabulary (CPV)

66100000
66120000
66520000

II.1.6)

Contract covered by the government procurement agreement (GPA)

Yes

II.2)

Total final value of the contract(s)

II.2.1)

Total final value of the contract(s)

 1 750 000   GBP     

Section IV: Procedure

IV.1)

Type of procedure

IV.1.1)

Type of procedure

IV.2)

Award criteria

IV.2.1)

Award criteria

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Quality 90
Price 10

IV.2.2)

An electronic auction has been used

No

IV.3)

Administrative information

IV.3.1)

File reference number attributed by the contracting authority

IV.3.2)

Previous publication(s) concerning the same contract


2014/S 248-439319 24-12-2014

Other previous publications

Section V: Award of contract

145556

V.1)

Date of contract award:

 30-04-2015

V.2)

Numbers of offers received:

33

V.3)

Name and address of economic operator to whom the contract has been awarded


Royal London Asset Management

55 Gracechurch St

London

EC3V 0RL

UK




V.4)

Information on value of contract

 1 750 000 GBP 

V.5)

The contract is likely to be subcontracted

No

Short description of the value/proportion of the contract to be subcontracted

Section VI: Complementary Information

VI.1)

Contract related to a project and/or programme financed by community funds?

No



VI.2)

Additional Information

(MT Ref:153410).

VI.3)

Procedures for appeal

VI.3.1)

Body responsible for appeal procedures










Body responsible for mediation procedures










VI.3.2)

Lodging of appeals

VI.3.3)

Service from which information about the lodging of appeals may be obtained










VI.4)

Dispatch date of this Notice

 05-05-2015

Coding

Commodity categories

ID Title Parent category
66100000 Banking and investment services Financial and insurance services
66120000 Investment banking services and related services Banking and investment services
66520000 Pension services Insurance and pension services

Delivery locations

ID Description
100 UK - All

Alert region restrictions

The buyer has restricted the alert for this notice to suppliers based in the following regions.

ID Description
There are no alert restrictions for this notice.

About the buyer

Main contact:
kazmen.lian@mercer.com
Admin contact:
N/a
Technical contact:
N/a
Other contact:
N/a

Further information

Date Details
No further information has been uploaded.

0800 222 9004

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