PP18043 - LGPS Central Global Active Equities
key details
| Value | £37,000,000 |
|---|---|
| Status | complete |
| Category (CPV) | 66000000 |
| Region | West Midlands |
| Deadline | 4 Apr 2018 |
| Contract start | 1 Oct 2018 |
| Contract end | 28 Feb 2029 |
| Procedure | open |
| SME suitable | No |
| OCID | ocds-b5fd17-2ba9f2ea-0b05-4eae-bf83-3822c6bc00b1 |
Awards (3)
This procurement was awarded to 3 suppliers. Values shown are per-award; the notice total is £37,000,000.
| Supplier | Value | Date | Status |
|---|---|---|---|
| NGAM UK Ltd shared | £21,720,000 | 23 Aug 2018 | active |
| Schroder Investment Management Limited shared | £21,720,000 | 23 Aug 2018 | active |
| Union Investment shared | £21,720,000 | 23 Aug 2018 | active |
description
LGPS Central Limited is a private company, owned by its investors, responsible for the pooling of nine regional pension plans investments, responsible for AUM in the region of £40 Billion. The company was FCA approved in January 2018. The key objectives of the LGPS Central pool are to: - meet the investment objectives of the partner funds - establish a collaborative platform through which administering authorities of the partner Funds can aggregate their pension assets, with a view to providing scale economies and improved investment efficiency - create capacity to invest in asset classes which individual funds may find difficult to access - stimulate innovation, and provide an opportunity for funds to engage with the investment industry in finding new and creative approaches to the funding challenges faced by the LGPS (and the wider pensions sector) - act as a responsible, long-term investor, using its influence as a shareholder to promote the highest standards of corporate stewardship The company is looking for global active equity managers to manage a fund in the region of £2.5 Billion. Successful candidates will be able to demonstrate: - consistent, robust, repeatable, investment process - responsible investment at the heart of the investment process - concentrated portfolio - low, fully transparent costs - full transparency (look through) with the ACS custodian.
Additional information: The partnership is made up of the local authority pension schemes of Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Staffordshire, Shropshire, West Midlands, Worcestershire & West Midlands ITA.
The opportunity can be found at www.wolverhamptontenders.com where all bids must be submitted. Please ensure you allow sufficient time to upload your submission. Any queries must also be directed via the portal.
documents
- https://www.contractsfinder.service.gov.uk/Notice/fa44dc87-198f-4e3f-a11e-c7805ae30645 , tenderNotice
Documents are linked, not mirrored. They are served by the publishing authority and may require registration.
notice history
1 notice published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 10 Sept 2018 | Award (award) | · | 4387b231-0e53-4c38-a519-89488af0183d-239760 |
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source
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