Agency FX Trading & Cash Equitization Services
Published
Description
Brunel Pension Partnership (Brunel) is one of eight UK Local Government Pension Scheme pools, bringing together ~£35 billion of investments of ten like-minded funds. We are seeking a single vendor to provide a number of specific implementation services. At this stage this opportunity is soft market test only and not a call for competition. The Contracting Authority may or may not subsequently publish a formal contract opportunity notice in the future. The main purpose is to understand how many providers within the market are able to provide both of the below services: 1) Cash Equitization Services We are seeking to "equitize" residual cash within applicable multi-manager funds. This involves applying market exposure through derivatives, retaining access to cash for operational purposes, but attaining market risk premium exposure. Our initial focus would relate to 6 of our equity funds which have average cash balances of 1-2% (see attachment). - We seek a streamlined investment process, minimising work for our inhouse operations team. - Providers must demonstrate specific experience delivering this specific service as a standalone service (not just general futures execution services). 2) Agency FX Trading Our current approach is that most of our underlying asset managers competitively trade their required spot FX transactions on their respective investment mandates, however some FX trading is done by our custodian. Our intention is to leave trading with managers in the majority of instances, but identify an "agency only" FX trading partner, who can be used as an alternative to our custodian in select parts of our portfolio. Accounts to be included within this program would be decided on a case-by-case basis by Brunel's inhouse team. We estimate the typical annual volume which could be traded via this partner to be in the region of $2bn, with a wide range of currencies traded. This could be from somewhere in the region of 30-50 individual manager/client accounts (some of which may sit within our ACS structure, and some may be Non ACS accounts). All transactions need to be traded on an agency only basis, and our preference is to appoint a provider who only trades on an agency basis (i.e. no proprietary trading book within any part of their business, removing conflict of interests). Additional Services - as we consider the overall suitability and fit of service providers, we are seeking information about the potential wider value add to Brunel. With that in mind, please outline any additional auxiliary services which providers could offer (now or in future), complementing the core services outlined above, and how this would relate to Brunel. Interested parties are requested to indicate their capabilities for both services requested and return via email to procurementqueries.brunel@brunelpp.org by 12pm on the Return Date (April 30 2024). Queries should be submitted to procurementqueries.brunel@brunelpp.org before April 19th 2024.
Timeline
Publish date
8 months ago
Buyer information
Brunel Pension Partnership Ltd
- Contact:
- Melissa Freudenstein
- Email:
- procurementqueries.brunel@brunelpp.org
Explore contracts and tenders relating to Brunel Pension Partnership Ltd
Go to buyer profileSource
Contracts FinderTo save this opportunity, sign up to Stotles for free.
Save in appTender tracking
Access a feed of government opportunities tailored to you, in one view. Receive email alerts and integrate with your CRM to stay up-to-date.
Proactive prospecting
Get ahead of competitors by reaching out to key decision-makers within buying organisations directly.
360° account briefings
Create in-depth briefings on buyer organisations based on their historical & upcoming procurement activity.
Collaboration tools
Streamline sales workflows with team collaboration and communication features, and integrate with your favourite sales tools.
Explore similar tenders and contracts
Browse open tenders, recent contract awards and upcoming contract expiries that match similar CPV codes.
- Stale pre-tender
PIN - Programme Integration Partner
Nuclear Waste Services250,000,000 GBPPublished 4 months ago
- Stale pre-tender
Vacant Property, Guardian & Mansafe Security Services Framework
Central and Cecil Housing Trust50,000,000 GBPPublished 9 months ago
- Stale pre-tender
Money Transmission Services for Government Banking
HM Revenue & Customs (HMRC)Published 10 months ago
- Stale pre-tender
Request for Information - Marine Recovery Fund
Department for Environment, Food and Rural Affairs (DEFRA)Published a year ago
- Stale pre-tender
Request for Information - Marine Recovery Fund
Department for Environment, Food and Rural Affairs (DEFRA)Published a year ago
- Stale pre-tender
Corporate finance services three (CFS3)
Crown Commercial Service20,000,000 GBPPublished a year ago
Explore other contracts published by Brunel Pension Partnership Ltd
Explore more open tenders, recent contract awards and upcoming contract expiries published by Brunel Pension Partnership Ltd.
- Stale pre-tender
Private Markets Front, Middle and Back Office Services
Brunel Pension Partnership LtdPublished a year ago
- Stale pre-tender
Portfolio Analysis and Order Management System solutions
Brunel Pension Partnership LtdPublished 2 years ago
Explore more suppliers to Brunel Pension Partnership Ltd
Sign upExplore top buyers for public sector contracts
Discover open tenders, contract awards and upcoming contract expiries of thousands of public sector buyers below. Gain insights into their procurement activity, historical purchasing trends and more.
- Lancashire Teaching Hospitals NHS Foundation Trust
- Careers Wales
- Independent Police Complaints Commission
- NHS Barnsley Clinical Commissioning Group
- Department of Health
- Orchard Hill College and Academy Trust
- GY5 Ltd
- Frederick Gough School
- Sponne School
- St Martin's Multi Academy Trust
- Cotgrave Town Council Within Cotgrave Leisure Centre
Explore top sources for public sector contracts
Stotles aggregates public sector contract data from every major procurement data source. We ingest this data and surface the most relevant insights for our users. Explore our list of public sector procurement data sources below.