Expired contract

Provision of Investment Management Services - AWARD

Details

Buyer
Nursing and Midwifery Council
Value
GBP 1,900,000
Duration
5 years
Topic
Financial and insurance services
Published
7 January 2020

Tender description

The NMC currently has approximately £90m in cash and has recently decided to allocate funds in the region of £30m to a successful supplier to manage as long term investments. Our thinking is that the funds will remain invested for the long term and it is highly unlikely access would be required in the next 5-10 years. The investment manager will be provided with clear objectives and given full responsibility to take decisions as to how funds are invested within the framework of our investment policies. The Investment Policy provided sets out in full our objectives and restrictions on investment. It breaks down our investment assets into three portfolios and specific associated policies: Short, Medium and Long term. In this procurement we are seeking an investment manager only for assets held in the Long Term portfolio. Therefore, a portfolio with a strategic asset allocation which is then tactically adjusted is expected. We are appointing one manager for this allocation of funds.

Timeline

  1. Completed: Award date30 December 2019
  2. Completed: Award published7 January 2020
    Current notice
  3. Completed: Contract expiry date22 December 2024

About the buyer

Nursing and Midwifery Council is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

  • 66000000 · Financial and insurance services
  • 66140000 · Portfolio management services
  • 66171000 · Financial consultancy services
  • 79412000 · Financial management consultancy services

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