Appointment of Investment Manager(s) for the HMS Caroline Preservation Company

THE NATIONAL MUSEUM OF THE ROYAL NAVY · awarded 17 March 2023

Who

Buyer	THE NATIONAL MUSEUM OF THE ROYAL NAVY PORTSMOUTH
Supplier	Rathbones Investment Management Limited
Category	services
Classification	Banking and investment services CPV 66100000
Notice published	26 July 2024

What it is for

This tender is for the management of investments held by The HMS Caroline Preservation Company, a charitable company limited by guarantee with company number 08303946 and registered charity number 1149930 (the "Company"). The Company is controlled by the National Museum of the Royal Navy ("NMRN"). The purpose of the Company is to manage and maintain for display HMS Caroline, a light cruiser built in 1914 by Cammell Laird in Birkenhead and now moored in Belfast Harbour. HMS Caroline is of historical significance as the only surviving major warship which fought in the Battle of Jutland in 1916. The Company wishes to tender the role of Investment Manager for their investment assets with a view to having the new manager in place by the earliest in late February 2023. The Investment Committee's preferred approach is to have a single investment manager for the entire mandate, albeit the Investment Committee retain the right to appoint more than one manager should they agree that this structure be optimal for the Company. Full details of the Investment Mandate can be found in Annex A-B-C tender documentation on Pages 3-5. The National Museum of the Royal Navy (NMRN) as NMRN Operations are acting as procurement support for this tender. Clarification Questions for Responses must be sent in by Friday 10th February 2023 at Midday. Annex D-E-F is for potential investment managers to complete in full and return to tenders@nmrn.org.uk by the submission deadline. The deadline for submissions is 22nd February 2023 at Midday (1200).

Read the original award notice on Contracts Finder →

Other contracts from this buyer

47 awards on file, worth £7.7m.

Everything THE NATIONAL MUSEUM OF THE ROYAL NAVY has awarded →

Other contracts won by this supplier

1 award on file, worth £83k.

Everything Rathbones Investment Management Limited has won →