United Kingdom-Birkenhead: Pension fund management services
Section I: Contracting authority
Main address: http://www.wirral.gov.uk/
Address of the buyer profile: http://www.wirral.gov.uk/
Section II: Object
Equity Downside Risk management
Merseyside is seeking to control equity risk on a medium-term basis (c.18 months horizon) and possibly on a longer term strategic basis through the use of an equity overlay solution(s).
This opportunity is to identify providers capable of supporting Merseyside with their equity overlay needs which may range from basic put protection through to more complex strategies (e.g. put-spread collar or other such structures).
Initially the exercise will focus on selection of a manager or managers to provide a put-spread collar with a preference for a cost-neutral solution. However, managers should be able to offer a customised approach to fit a range of different plan requirements within the aggregate pool.
Section III: Legal, economic, financial and technical information
Section IV: Procedure
Section VI: Complementary information