Multi-Asset/Investment Advisor
The city is seeking a firm to provide services for its $33 million investment portfolio.
The city last completed a search for the services in 2021.
The selected firm will manage the retirement plan’s entire balanced portfolio.
The city maintains an investment portfolio averaging $40 million comprised primarily of certificates of deposit.
The manager will handle the retirement plan’s entire balanced portfolio.
The foundation hired a new firm over its incumbent advisor to provide investment advisory and management services for its endowment and fiduciary fund following a search.
The district received two proposals in response to an RFP issued in April.
Citizens approved a constitutional amendment to create two funds in the state treasury to support land acquisition, infrastructure and equipment related to educational programs offered by the Texas State Technical College System during the Nov. 4 state elections.
The community foundation merged its long-term, mid-term and socially responsible investment pools this summer to reduce fees, improve performance and strengthen social impact.
The district’s current portfolio totals $55 million in active and interim deposits.