Pension Fund Management Services for Devon County Council
The Devon County Council Pension Fund is seeking to appoint a fund manager for a GBP 250m allocation to an Alternative Indexation equity mandate (sometimes referred to as ‘Smart Beta’), using either a pooled vehicle(s) or on a segregated basis.
United Kingdom-Exeter: Pension fund management services
2014/S 193-341031
Contract notice
Services
Directive 2004/18/EC
Section I: Contracting authority
I.1)Name, addresses and contact point(s)
Devon County Council
County Hall, Topsham Road, Devon
Contact point(s): c/o JLT Employee Benefits
For the attention of: Cameron McMullen
EX2 4QJ Exeter
UNITED KINGDOM
Telephone: +44 1612531195
E-mail: cameron_mcmullen@jltgroup.com
Internet address(es):
General address of the contracting authority: http://www.devon.gov.uk
Address of the buyer profile: http://www.devon.gov.uk
Electronic access to information: http://www.jltic-swim.com
Electronic submission of tenders and requests to participate: http://www.jltic-swim.com
Further information can be obtained from: The above mentioned contact point(s)
Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)
Tenders or requests to participate must be sent to: The above mentioned contact point(s)
I.2)Type of the contracting authority
I.3)Main activity
I.4)Contract award on behalf of other contracting authorities
Section II: Object of the contract
II.1.1)Title attributed to the contract by the contracting authority:
II.1.2)Type of contract and location of works, place of delivery or of performance
Service category No 6: Financial services a) Insurances services b) Banking and investment services
Main site or location of works, place of delivery or of performance: County Hall, Topsham Road, Exeter, EX2 4QJ.
NUTS code UKK43
II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)
II.1.5)Short description of the contract or purchase(s)
The systematic mandate is to consist of a blend of value, quality and low volatility approaches. Single factor dependency is to be avoided and a fixed allocation between investment styles is preferred to that of a more dynamic nature. The preference is for a global unhedged approach to be adopted.
Interested parties will need to provide evidence of skills, experience and expertise of running such a mandate, with a minimum requirement of assets under management of at least GBP 2.5bn within this type of systematic investment approach.
This mandate is to be managed on a long-only equity basis with a request that interested parties use widely recognised benchmark(s).
Interested parties are to register their intent to participate at www.jltic-swim.com
II.1.6)Common procurement vocabulary (CPV)
66141000
II.1.7)Information about Government Procurement Agreement (GPA)
II.1.8)Lots
II.1.9)Information about variants
II.2.1)Total quantity or scope:
The systematic mandate is to consist of a blend of value, quality and low volatility approaches. Single factor dependency is to be avoided and a fixed allocation between investment styles is preferred to that of a more dynamic nature. The preference is for a global unhedged approach to be adopted.
Interested parties will need to provide evidence of skills, experience and expertise of running such a mandate, with a minimum requirement of assets under management of at least GBP 2.5bn within this type of systematic investment approach.
This mandate is to be managed on a long-only equity basis with a request that interested parties use widely recognised benchmark(s).
Interested parties are to register their intent to participate at www.jltic-swim.com
II.2.2)Information about options
II.2.3)Information about renewals
Section III: Legal, economic, financial and technical information
III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers
III.2.3)Technical capacity
Interested parties will need to provide evidence of skills, experience and expertise of running such a mandate with a minimum requirement of holding assets under management of GBP 2.5bn within this type of systematic investment approach.
III.3.1)Information about a particular profession
Reference to the relevant law, regulation or administrative provision: Providers must be registered in terms of the UK Financial Services and Markets Act 2000, or equivalent law of the European Economic Area (EEA) member state to manage the assets of occupational pension schemes. Proof of registration must be provided.
Section IV: Procedure
IV.1.1)Type of procedure
IV.2.1)Award criteria
IV.3.2)Previous publication(s) concerning the same contract
IV.3.4)Time limit for receipt of tenders or requests to participate
IV.3.6)Language(s) in which tenders or requests to participate may be drawn up
Section VI: Complementary information
VI.4.2)Lodging of appeals
Any such action is subject to strict time limits and must be brought in accordance with the Public Contracts Regulations 2006 as amended by the Public Contracts (Amendment) Regulations 2009.
VI.4.3)Service from which information about the lodging of appeals may be obtained
Devon County Council
Devon County Council Pension Fund County Hall Topsham Road Exeter
EX2 4QJ Exeter
UNITED KINGDOM
VI.5)Date of dispatch of this notice: