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Equity Downside Risk management

Wirral Borough Council Published 2 Jul 2018 Contracts Finder

key details

Value£5,000,000
Statusactive
Category (CPV) 66000000
RegionNorth West
Deadline9 Aug 2018
Contract start15 Oct 2018
Contract end14 Oct 2022
Procedureselective
SME suitableNo
OCIDocds-b5fd17-8e5dff70-70fc-42a4-8379-27ea83e1ef15

description

Merseyside is seeking to control equity risk on a medium-term basis (c.18 months horizon) and possibly on a longer term strategic basis through the use of an equity overlay solution(s). This opportunity is to identify providers capable of supporting Merseyside with their equity overlay needs which may range from basic put protection through to more complex strategies (e.g. put-spread collar or other such structures). Initially the exercise will focus on selection of a manager or managers to provide a put-spread collar with a preference for a cost-neutral solution. However, managers should be able to offer a customised approach to fit a range of different plan requirements within the aggregate pool. The maximum notional size of the mandate is c.£2 billion. This comprises multiple individual plans with their own requirements; potentially c.10 different overlay parametrisations will be required with a minimum lot size of £150m. Merseyside are seeking to identify and appoint a framework of approved equity overlay managers for use as required by its underlying plans.

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notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
10 Jul 2018 Tender amendment (tenderAmendment) · 8dd7a25c-fea8-4dbb-9df0-120e575778eb-227713

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