Tender: Hosted SaaS for Asset Allocation and Total Portfolio View for Nest Invest

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Nest is seeking a supplier for a hosted software-as-a-service solution for Nest Invest delivering two mandatory capabilities: Asset Allocation and Total Portfolio View. The Asset Allocation capability must support Nest Invest’s multi-level fund-of-funds structure and controlled, model-driven allocation process, including strategic and tactical allocation, portfolio modelling and optimisation, configurable targets, limits and tolerances, portfolio rebalancing, asset restrictions, workflow and approval controls, auditability, scenario analysis and generation of implementation instructions or outputs for downstream parties. The Total Portfolio View capability must provide a consolidated view across public and private assets with positions, exposures, performance and look-through information where available, and support aggregation and analysis across Nest Invest’s fund structure. The supplier must provide software licensing or subscription, implementation and configuration, integration with retained data sources and Nest Invest’s planned cloud data platform via appropriate data interfaces/APIs, transition and migration from the incumbent IRP solution, testing and user acceptance support, training and documentation, go-live and transition support, and ongoing hosting, maintenance, technical support and product-roadmap services; the solution must be configured for Nest Invest and supplied electronically as a hosted service, receiving investment and portfolio data from retained sources including the fund administrator and custodian and generating required information, reporting and implementation outputs. The contract will be awarded to one supplier for an initial five-year term with potential extensions of two years and a further one year (maximum eight years) and does not guarantee any minimum volume of services or expenditure.