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
Directive 2014/24/EU
Section I: Contracting authority
I.1)Name and addresses
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
Address of the buyer profile: https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00107
I.2)Information about joint procurement
I.3)Communication
I.4)Type of the contracting authority
I.5)Main activity
Section II: Object
II.1.1)Title:
EC0890 Investment Advisor
II.1.2)Main CPV code
II.1.3)Type of contract
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.1.6)Information about lots
II.2.3)Place of performance
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
II.2.7)Duration of the contract, framework agreement or dynamic purchasing system
2 year option to extend.
II.2.10)Information about variants
II.2.11)Information about options
II.2.13)Information about European Union funds
Section III: Legal, economic, financial and technical information
III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
You must be authorised by the FCA (Financial Conduct Authority).
III.1.3)Technical and professional ability
You must be authorised by the FCA (Financial Conduct Authority).
Suppliers must have experience of a managing an endowment portfolio arrangement similar in scope, mandate and scale as detail in the requirements.
Section IV: Procedure
IV.1.1)Type of procedure
IV.1.8)Information about the Government Procurement Agreement (GPA)
IV.2.2)Time limit for receipt of tenders or requests to participate
IV.2.4)Languages in which tenders or requests to participate may be submitted:
IV.2.7)Conditions for opening of tenders
Section VI: Complementary information
VI.1)Information about recurrence
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.4.1)Review body
Postal address: 27 Chambers Street
Town: Edinburgh
Postal code: EH1 1LB
Country: United Kingdom
VI.5)Date of dispatch of this notice: