The foundation is searching for an investment manager to invest its portfolio and develop strategies that align with liquidity, risk and income criteria.
The university extended the deadline for proposals in its search for firms to provide investment advisory and management services for its three-tiered operating funds portfolio after launching the search at the beginning of the month.
The plan is looking for a firm to invest its portfolio assets, develop an investment strategy and policies, recommend investment-related changes and report and evaluate cash flows.
The college rehired its incumbent investment advisor to manage and oversee its investment portfolio following a search from last year that yielded five proposals.
The university has issued an RFP seeking a firm to provide investment advisory and management services for its three-tiered operating funds portfolio, which typically ranges between $350 million and $550 million.