Provision of Investment Consultancy and Investment Performance Monitoring and Reporting Services

Investment Advice:

The provision of quarterly investment reviews / reports of the performance of the University's University Investment Fund and Long Term Endowment Fund.

Attendance at quarterly Investment Sub Committee meetings to review all aspects of investment performance and asset allocation relating to the University Investment Fund and Long Term Endowment Fund. Ad-hoc meetings may also be required with University management.

Investment advice required includes the following:

• I)investment strategy
• II)market review
• III)market outlook
• IV)asset Allocation, including annual Strategic Asset Allocation Reviews for the University Investment Fund and Long Term Endowment Fund
• V)risk management
• VI)advice on governance issues (e.g. ethical policy, voting rights)
• VII)consideration of 'alternative' asset classes
• VIII)information and advice on investment industry trends, new and existing investment management methods, areas and products
• IX)recommending benchmarks for investment performance measurement
• X)fee negotiation with investment managers (whether existing or new)

XI) advice on the appointment and dismissal of Fund Managers

XII) the provision of relevant information for and participate in investment management "Beauty Parades" (i.e. advertisement, short list, questionnaires, final interviews etc.).

Performance and risk measurement:

Quarterly investment reports are also required to include performance analysis / measurement information. Performance analysis will be driven by data received from external investment managers. Reports should include as a minimum detail on:

XIII) underlying managers' performance compared to the agreed benchmarks

XIV) peer group performance comparison

XV) "See-through" asset allocation analysis, including relative regional and sector analysis

XVI) performance attribution analysis

XVII) active risk analysis

XVIII) attribution to total fund excess return analysis.

Performance should be graphically displayed and include narrative summary and a breakdown by factors. Performance should be reconciled to managers' performance data before being provided to the University. The reports are required to be bespoke and reflect the University's particular requirements.

Additional information:

Tender documents can be accessed by registering at https://in-tendhost.co.uk/universityofbirmingham/aspx/Home

Queries regarding the process should be sent through the correspondence function of in-tend. Responses may be shared with all who have expressed an interest in the project.

Is a Recurrent Procurement Type? : No