Multi-Asset/Investment Advisor
District is in search of a firm to externally manage a $30 million to $50 million portfolio.
The authority made a hire in its investment manager search at a November board meeting.
The plan hired a new investment manager to handle an investment in a non-publicly traded financial security at the end of the third quarter.
The college selected a new investment advisor for its portfolio last year after issuing an RFP in the first quarter.
A fund in the South has issued an RFP seeking firms to actively manage investment funds, which are expected to include an estimated $100 million to $300 million, on a day-to-day basis and provide investment advice.
The city hired a firm to manage its $486 million portfolio in late December.
The four investment providers received the highest evaluation scores.
The plan will consider hiring five multi-asset credit managers and terminating five existing managers.
District hopes to make a selection in the search next month.
The search is due to the upcoming contract expiration of the plan’s incumbent.