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Pension Fund Investment Management Arrangement.

Contract award notice


Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

Wiltshire Council as lead authority for the Wiltshire Pension Fund
Bythesea Road
For the attention of: David Anthony
BA14 8JN Trowbridge

Internet address(es):

General address of the contracting authority:

I.2)Type of the contracting authority
Regional or local authority
I.3)Main activity
Other: Pension Fund
I.4)Contract award on behalf of other contracting authorities

Section II: Object of the contract

II.1.1)Title attributed to the contract
Pension Fund Investment Management Arrangement.
II.1.2)Type of contract and location of works, place of delivery or of performance
Service category No 6: Financial services a) Insurances services b) Banking and investment services
Main site or location of works, place of delivery or of performance: Wiltshire Pension Fund, Wiltshire Council - Bythesea Road,Trowbridge, Wiltshire, BA14 8JN.

NUTS code UKK15

II.1.3)Information about a framework agreement or a dynamic purchasing system (DPS)
II.1.4)Short description of the contract or purchase(s)
The management of a portfolio of investments in Global Emerging Markets Multi Asset (mainly bonds and
equities) with an estimated initial value of GBP 140 million
II.1.5)Common procurement vocabulary (CPV)


II.1.6)Information about Government Procurement Agreement (GPA)
The contract is covered by the Government Procurement Agreement (GPA): yes
II.2)Total final value of contract(s)
II.2.1)Total final value of contract(s)
Value: 140 000 000 GBP

Section IV: Procedure

IV.1)Type of procedure
IV.1.1)Type of procedure
IV.2)Award criteria
IV.2.1)Award criteria
The most economically advantageous tender in terms of
1. Suitability of the proposed product. Weighting 10
2. Investment process. Weighting 10
3. Risk Management. Weighting 5
4. Resources. Weighting 25
5. Performance and Risk. Weighting 20
6. Fee structure. Weighting 30
IV.2.2)Information about electronic auction
An electronic auction has been used: no
IV.3)Administrative information
IV.3.1)File reference number attributed by the contracting authority
IV.3.2)Previous publication(s) concerning the same contract

Contract notice

Notice number in the OJEU: 2013/S 137-238439 of 17.7.2013

Section V: Award of contract

Lot No: 1 - Lot title: Global Emerging Markets Multi Asset
V.1)Date of contract award decision:
V.2)Information about offers
Number of offers received: 17
V.3)Name and address of economic operator in favour of whom the contract award decision has been taken

Investec Asset Management
Woolgate Exchange, 25 Basinghall Street
EC2V 5HA London

V.4)Information on value of contract
Initial estimated total value of the contract:
Value: 140 000 000 GBP
V.5)Information about subcontracting
The contract is likely to be sub-contracted: no

Section VI: Complementary information

VI.1)Information about European Union funds
The contract is related to a project and/or programme financed by European Union funds: no
VI.2)Additional information:
VI.3)Procedures for appeal
VI.3.1)Body responsible for appeal procedures

See VI.3.2

VI.3.2)Lodging of appeals
Precise information on deadline(s) for lodging appeals: Wiltshire Council will incorporate a minimum 10 calendar day stand-still period at the point information on the award of the contract is communicated to tenderers. This period allows unsuccesful tenderers to seek further debriefing from the contracting authority before the contract is entered into, in line with the new Remedies Directive. Applicants have 2 working days from the notification of the award decision to request additional
debriefing and that information should be required from the contract in part I.1. If an appeal regarding the award of a contract has not been successfully resolved the Public Contracts Regulations 2006 (SI 2006 No.5) provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the EN Standard form 02 - Contract notice 11 / 15
High Court (England, Wales & Northern Ireland). In accordance with the Public Contract Regulations 2006 (as amended) a claimant must generally start proceedings in the High Court within 30 days beginning with the date on which he first knew or ought to have known that grounds for bringing such proceedings had arisen. Where a contract has not been entered into, the Court may order the setting aside of the award decision or order the EN Standard form 02 - Contract notice 12 / 16
authority to amend any document and may award damages. If the Contract has been entered into, the Court may only award damages.
VI.3.3)Service from which information about the lodging of appeals may be obtained

Wiltshire Council as lead authority for the Wiltshire Pension Fund
Bythesea Road
BA14 8JN Trowbridge

VI.4)Date of dispatch of this notice: