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Provision of Investment Management Services - AWARD

Nursing and Midwifery Council Published 7 Jan 2020 Contracts Finder

key details

Value£2,000,000
Statuscomplete
Category (CPV) 66000000 +3 more
Deadline2 Sept 2019
Contract start23 Dec 2019
Contract end22 Dec 2024
Procedureselective
SME suitableNo
OCIDocds-b5fd17-4b17d956-02f3-48b2-8c6b-7181f210464f

Award

SupplierValueDateStatus
Sarasin & Partners LLP £0 30 Dec 2019 active

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.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
7 Jan 2020 Award (award) · e1638a5e-c5c7-4b2c-8bf6-0cead927e1f3-335489

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