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Tender for Investment Advisor – University of Edinburgh
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Tender for Investment Advisor – University of Edinburgh

Tuesday, 10 March 2020, 9:24

Tender for Investment Advisor – University of Edinburgh

The investment committee is looking for someone who can make recommendations as well as stimulate debate around its investment strategy.

United Kingdom-Edinburgh: Investment banking services and related services

2020/S 049-117517

Contract notice

Services

Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Official name: University of Edinburgh
Postal address: Charles Stewart House, 9-16 Chambers Street
Town: Edinburgh
NUTS code: UKM75
Postal code: EH1 1HT
Country: United Kingdom
E-mail: Gordon.Whittaker@ed.ac.uk
Telephone: +44 1316502759
Internet address(es):Main address: http://www.ed.ac.uk/schools-departments/procurement/supplying

Address of the buyer profile: https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00107

I.2)Information about joint procurement

The contract is awarded by a central purchasing body

I.3)Communication

The procurement documents are available for unrestricted and full direct access, free of charge, at: https://www.publictendersscotland.publiccontractsscotland.gov.uk/esop/pts-host/public/pts/web/login.html
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted to the abovementioned address
Electronic communication requires the use of tools and devices that are not generally available. Unrestricted and full direct access to these tools and devices is possible, free of charge, at: https://www.publictendersscotland.publiccontractsscotland.gov.uk/esop/pts-host/public/pts/web/login.html

I.4)Type of the contracting authority

Body governed by public law

I.5)Main activity

Education

Section II: Object

II.1)Scope of the procurement

II.1.1)Title:

EC0890 Investment Advisor

II.1.2)Main CPV code

66120000

II.1.3)Type of contract

Services

II.1.4)Short description:

The investment committee of the University of Edinburgh is responsible for the oversight and strategic direction of the endowment investments. The investment portfolio was valued at GBP 529 m at 31 December 2019

The University of Edinburgh Court appoints members to the investment committee drawn from both Court members and external investment professionals.

Key roles and responsibilities

— sets investment policy and strategy

— determines asset allocation

— identifies fund managers

— monitors fund performance

— advises university Court on its investment programme.

The investment committee is looking for someone who can make recommendations as well as stimulate debate around its investment strategy and objectives and support it in its key roles and responsibilities.

The committee has expertise on asset allocation but it will require advice on, for example, particular topics such as infrastructure investments, and manager selection.

It is important that the consultant has the capacity to research topics raised and generate analyses and reports.

The committee envisages someone who will have the back-up of a team with diverse knowledge of the investment sector.

II.1.5)Estimated total value

II.1.6)Information about lots

This contract is divided into lots: no
II.2)Description
II.2.1)Title:
II.2.2)Additional CPV code(s)

II.2.3)Place of performance

NUTS code: UKM75

II.2.4)Description of the procurement:

The investment committee of the University of Edinburgh is responsible for the oversight and strategic direction of the endowment investments. The investment portfolio was valued at GBP 529 m at 31 December 2019

The University of Edinburgh Court appoints members to the investment committee drawn from both Court members and external investment professionals.

Key roles and responsibilities

— sets investment policy and strategy

— determines asset allocation

— identifies fund managers

— monitors fund performance

— advises University Court on its investment programme.

II.2.5)Award criteria

Criteria below
Quality criterion – Name: Quality and presentation / Weighting: 80
Price – Weighting: 20
II.2.6)Estimated value

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 36
This contract is subject to renewal: yes
Description of renewals:

2 year option to extend.

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: no
II.2.12)Information about electronic catalogues

II.2.13)Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information

Section III: Legal, economic, financial and technical information

III.1)Conditions for participation

III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers

List and brief description of conditions:

You must be authorised by the FCA (Financial Conduct Authority).

III.1.2)Economic and financial standing

III.1.3)Technical and professional ability

List and brief description of selection criteria:

You must be authorised by the FCA (Financial Conduct Authority).

Minimum level(s) of standards possibly required:

Suppliers must have experience of a managing an endowment portfolio arrangement similar in scope, mandate and scale as detail in the requirements.

III.1.5)Information about reserved contracts
III.2)Conditions related to the contract
III.2.1)Information about a particular profession
III.2.2)Contract performance conditions:
III.2.3)Information about staff responsible for the performance of the contract

Section IV: Procedure

IV.1)Description

IV.1.1)Type of procedure

Open procedure
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue
IV.1.6)Information about electronic auction

IV.1.8)Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: yes
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure

IV.2.2)Time limit for receipt of tenders or requests to participate

Date: 14/04/2020
Local time: 12:00
IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

IV.2.4)Languages in which tenders or requests to participate may be submitted:

English
IV.2.6)Minimum time frame during which the tenderer must maintain the tender

IV.2.7)Conditions for opening of tenders

Date: 14/04/2020
Local time: 12:30

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no
VI.2)Information about electronic workflows

VI.3)Additional information:

Socially Responsible Investment (SRI) Policy

Since 2003, the University has had a Socially Responsible Investment (SRI) Policy which has endorsed an approach based on ‘engagement’ with companies on ethical issues. In January 2013 the University became the first in Europe to sign up to the United Nations Principles of Responsible Investment which provides a framework for the University to take environmental, social and corporate governance (ESG) considerations into its investment strategies.

This year the University launched a review of its SRI policy and is now working to redraft it.

Further information on the remit and role of the Investment Committee is at:

The policy was updated in February 2016 and can be viewed at the following link —https://www.ed.ac.uk/files/atoms/files/responsible_investment_policy_statement.pdf

The buyer is using PCS-Tender to conduct this ITT exercise. The Project code is 16018. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2343

(SC Ref:617131)

VI.4)Procedures for review

VI.4.1)Review body

Official name: Edinburgh Sheriff Court and Justice of the Peace Court
Postal address: 27 Chambers Street
Town: Edinburgh
Postal code: EH1 1LB
Country: United Kingdom
VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
VI.4.4)Service from which information about the review procedure may be obtained

VI.5)Date of dispatch of this notice:

06/03/2020