# Provision of Investment Management Services - AWARD

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Nursing and Midwifery Council](/buyers/nursing-and-midwifery-council/contract-awards)
- Contract winner: Sarasin & Partners LLP
- Award value: £0
- Tender value: £2,000,000
- Award date: 30 December 2019
- Published: 7 January 2020
- Contract start: 23 December 2019
- Contract end: 22 December 2024
- Stage: awarded
- Procurement category: services
- Notice ID: e1638a5e-c5c7-4b2c-8bf6-0cead927e1f3-335489
- OCID: ocds-b5fd17-4b17d956-02f3-48b2-8c6b-7181f210464f

## Description

The NMC currently has approximately £90m in cash and has recently decided to allocate funds in the region of £30m to a successful supplier to manage as long term investments\. Our thinking is that the funds will remain invested for the long term and it is highly unlikely access would be required in the next 5-10 years\. The investment manager will be provided with clear objectives and given full responsibility to take decisions as to how funds are invested within the framework of our investment policies\. The Investment Policy provided sets out in full our objectives and restrictions on investment\. It breaks down our investment assets into three portfolios and specific associated policies: Short, Medium and Long term\. In this procurement we are seeking an investment manager only for assets held in the Long Term portfolio\. Therefore, a portfolio with a strategic asset allocation which is then tactically adjusted is expected\. We are appointing one manager for this allocation of funds\.

## Related contract awards

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- [Office Stationery Supplies](/contracts/ocds-b5fd17-1065696b-fb89-459a-928f-95ceafccba6e): Nursing And Midwifery Council
- [Strategic Support Contract for Technology Delivery Assurance and Operational Risk Review](/contracts/ocds-b5fd17-9597b243-2b8c-44b2-a1e5-267070eecb03): Nursing And Midwifery Council
- [3960\.PS\.LWM\.23 Investment Manager Services](/contracts/ocds-b5fd17-8472e26a-af81-455e-b900-55311f86e547): UNIVERSITY OF SHEFFIELD
- [2147/LM - Investment Manager Services\.](/contracts/ocds-b5fd17-1934f4f3-72ef-498b-849e-d8528e71073e): UNIVERSITY OF SHEFFIELD

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/e1638a5e-c5c7-4b2c-8bf6-0cead927e1f3-335489)