Investment Advisory Services

Courts Service

The Courts Service is seeking proposals for the supply of Investment Advisory Services in relation to the management and investment of court funds currently amounting to in excess of 1 500 000 EUR. The Courts Service does not have in-house investment expertise and relies heavily on its independent investment advisor for the provision of advice and expertise in relation to the management of court funds. Personnel involved in providing this service should be competent in all areas of the investment process i.e. investment objectives, investment strategy, investment platform and administration, manager selection and performance monitoring. An outline of the services required are detailed in the RFT.

Deadline

The time limit for receipt of tenders was 2015-10-13. The procurement was published on 2015-08-27.

Who?

• Courts Service

What?

Where?

• Éire/Ireland

Procurement history

Date	Document
2015-08-27	Contract notice

Contract notice (2015-08-27)
Object
Scope of the procurement
Title: Portfolio management services
Quantity or scope:

At the beginning of the last financial year, October 2013, following advice from our Investment Advisors and approval by the Investment Committee, six new investment strategies for the management and investment of court funds were established. The new strategies arose from a competitive EU public tender exercise initiated during 2011 for investment management services. State Street Global Advisors (SSgA) emerged as the preferred services provider. An Investment Management Agreement was concluded in October 2013 between SSgA and The Courts Service. The revised investment arrangements, take account of the ongoing modifications to investment strategies aimed at meeting requirements for the management of court funds. In accordance with the Courts Service Investment Protocol, as advised by our Investment Advisors and approved by the Investment Committee, each court beneficiary is allocated to one of the six strategies. 1 exception to this relates to certain wards of court cases allocated to the Growth Fund, whereby an allocation may also be made to a Cash Fund. There are 6 strategies in total, which reflect the differing needs of court beneficiaries. Each beneficiary is allocated to one of these strategies based on pre-established criteria agreed by the Investment Committee.

Notice metadata
Original language: English 🗣️
Document type: Contract notice
Nature of contract: Services
Regulation: European Union, with participation of GPA countries
Common procurement vocabulary (CPV)
Code: Portfolio management services 📦

Procedure
Procedure type: Open procedure
Type of bid: Submission for all lots
Award criteria
The most economic tender

Contracting authority
Identity
Country: Ireland 🇮🇪
Awarding authority type: Body governed by public law
Awarding authority name: Courts Service
Postal address: Phoenix House, 15/24 Phoenix St. North, Smithfield
Postal town: Dublin
Contact
E-mail: dmullins@courts.ie 📧
Phone: +353 18886601 📞

Reference
Dates
Date dispatched: 2015-08-27 📅
Submission deadline: 2015-10-13 📅
Publication date: 2015-09-01 📅
Identifiers
Notice number: 2015/S 168-306809
OJ-S issue: 168

Object
Scope of the procurement
Short description:

Reference number: RFT 99076
Place of performance
Main site or place of performance: Dublin.

Legal, economic, financial and technical information
Conditions for participation
Suitability to pursue the professional activity:

Please see the Request for Tender document for full list at http://www.etenders.gov.ie

Economic and financial standing:

Please see the Request for Tender document for full list at http://www.etenders.gov.ie

Minimum level(s) of standards:

Please see the Request for Tender document for full list at http://www.etenders.gov.ie

Technical and professional ability:

Please see the Request for Tender document for full list at http://www.etenders.gov.ie

Contract execution
Deposits and guarantees required:

See tender document for level of professional insurance indemnity required before the award of contract.

Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

Please see the Request for Tender document for full list at http://www.etenders.gov.ie

Execution of the service is reserved to a particular profession:

Please see the Request for Tender document for full list at http://www.etenders.gov.ie

Procedure
Tender opening date: 2015-10-13 📅
Place of opening:

The Accountant's Office, The Courts Service, Phoenix House, 15/24 Phoenix Street North, Smithfield, Dublin 7.

Place: The Accountant's Office, The Courts Service, Phoenix House, 15/24 Phoenix Street North, Smithfield, Dublin 7.
Information about authorised persons and opening procedure: Denise Mullins, Shay Keary.
Languages
Language: English 🗣️

Contracting authority
Identity
National registration number: N/a
Contact
Contact point: Denise Mullins
Address of the buyer profile: http://irl.eu-supply.com/ctm/Supplier/CompanyInformation/Index/378 🌏
URL for participation: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=92252&B=ETENDERS_SIMPLE 🌏
URL for documents: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=92252&B=ETENDERS_SIMPLE 🌏

Reference
Identifiers
Reference number attributed by the contracting authority: RFT 99076

Complementary information
Recurrent procurement
2021.
Source: OJS 2015/S 168-306809 (2015-08-27)

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