Ausschreibungen

The provision of and the management of suitable investment vehicles for funds held in court which are subject to the provision of the Lord Chancellor's Common Investment Fund (CIF) — see additional information for further details. The CIF is currently a tracker fund for higher value client accounts offering long term capital growth. It is based on three underlying funds: UK Index Trust, the International Index Trust and the Global Emerging Markets Trust. The total Fund is split 55 %, 35 %, 10 % among these three vehicles. Total value of the Fund as at 31.3.2014 was circa 117 m GBP covering circa 5 500 clients. The Lord Chancellor also manages a range of lower value or shorter term client deposits out with the CIF via deposit accounts currently paying 0.5 % — 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 100 m GBP — 200 m GBP of the other funds. The aims of any future CIFs would be to provide relatively secure investment returns (medium to low risk) and capital growth for those with a longer term horizon. This might require more than one product to cover the differing needs in terms of shorter term and longer term clients, or providing for clients who may have a need for income as well as capital growth. Protection against capital loss might be achieved via risk mitigation or diversification measures. The risk profile means that passive/index-based approaches to asset classes are expected to be used. The Authority requires that companies managing CIF funds are registered in the UK. The estimated value of 350 m GBP is a forecast of future needs based on the amount of funds currently being managed inside and outside the existing CIF but which may become subject to a future CIF if suitable products are available. It is envisaged that the term of the contract will be 5 years in total.

The appointment of an investment manager to manage and control the Lord Chancellor's Investment Fund.

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Ausschreibungen zum Thema Banking and investment services