Tender Details

Country: United Kingdom
Summary: Lord Chancellors Investment Fund
GBT Ref No: 75985056
Deadline: 30 Dec 2022
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.: DEC421157
Purchaser's Detail:
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Description:
The requirement is for the appointment of an investment manager to manage and control the Lord Chancellor's Investment Fund.

Title: Lord Chancellors Investment Fund
OCID: ocds-h6vhtk-0354d4
Published by: Ministry of Justice
Authority ID: AA25231
Publication Date: 10/12/2022
Deadline Date: 30/12/2022
Deadline Time: 12:00
Notice Type: Contract Notice
Has Documents: No
Has SPD: No
Abstract: The CIF currently contains one product, the Equity Index Tracker Fund, which is for higher value clients. It is based on three underlying funds: Future World UK Equity Index, Future World Developed Equities Index and Global Emerging Markets (L class). The total Fund is split 55%, 35%, 10% among these three vehicles.Total value of the Fund as at 31 March 2022, value circa £95.7m covering circa 4,820,051 units. The Lord Chancellor also manages a range of lower value or shorter term client deposits out with the CIF via deposit accounts currently paying 1.25% - see additional information for further details.The Authority wishes to revisit the market in order to establish whether there may be other suitable investment products for a new arrangement covering both the current CIF funds and also some circa £100m - £200m of the other funds.The aims of any future product within the CIF would be to provide relatively secure investment returns (medium to low risk) and capital growth for those with less to invest and/or a shorter term horizon. Th...
Documents:

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Lord Chancellors Investment Fund - Greatbritain Tender

The MINISTRY OF JUSTICE, a Government sector organization in United Kingdom, has announced a new tender for Lord Chancellors Investment Fund. This tender is published on GreatbritainTenders under GBT Ref No: 75985056 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2022-12-30.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.