Banking and investment services

Tender description

Renfrewshire Council (the Council) acting on behalf of itself and for associated charities who are seeking to appoint an active multi asset investment manager (hereinafter referred to as the ‘Investment Manager’ or ‘Service Provider’) to manage the investments and generate a return which is then distributed to support community projects. The investment manager will manage the Paisley Common Good Fund, the Renfrew Common Good Fund (‘Common Good Funds’), the Renfrewshire Educational Trust (‘Educational Trust’) and the Renfrewshire Council Insurance Fund (‘Insurance Fund’) each ‘Fund’ or collectively known as the ‘Combined Funds’. Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an active multi-asset investment manager (hereinafter referred to as the ‘Investment Manager’ or ‘Service Provider’) to manage the investments and generate a return which is then distributed to support community projects. The investment manager will manage the Paisley Common Good Fund, the Renfrew Common Good Fund (‘Common Good Funds’), the Renfrewshire Educational Trust (‘Educational Trust’) and the Renfrewshire Council Insurance Fund (‘Insurance Fund’) each ‘Fund’ or collectively known as the ‘Combined Funds’. The Council intends to contract for a minimum period of three (3) years with the Council retaining the option to extend the contract for up to 12 months on 2 separate occasions. It is anticipated that the contract shall commence on 1.7.2019 to 30.6.2022 with the option of up to a 2-year extension. The actual dates will be confirmed in the Council's letter of acceptance.