NU/1291 The Provision of Fund Management Services

The scope of the tender will be:

Lot 1 - UK Equity Manager Tender process is to appoint an active UK equity (excluding tobacco) investment manager to manage up to in the region of £25m to £35m on behalf of a University of Newcastle endowment fund. Some non UK equities are allowed but must not exceed 20% of the total portfolio by value. Bidders should disclose the control ranges which they apply to non UK holdings. The university will also give preference to investment managers who preferentially invest in progressive companies that are working towards low carbon solutions and who will provide the University with reports on the carbon foot-print of companies within its portfolio. Other services expected will include monitoring the performance of the fund and presenting at University meetings on an annual basis.

Lot 2 - Global Equity Manager Tender process is to appoint an active global equity (excluding tobacco) investment manager to manage in the region of between £25m and £35m on behalf of a University of Newcastle endowment fund. Some UK equities are allowed but must not exceed 20% of the total portfolio by value. Bidders should disclose the control ranges which they apply to UK holdings. The university will also give preference to investment managers who preferentially invest in progressive companies that are working towards low carbon solutions and who will provide the University with reports on the carbon foot-print of companies within its portfolio. Other service expected will include monitoring the performance of the fund and presenting at University meetings on an annual basis.