The foundation has issued an RFP seeking an investment manager for its endowment as its bylaws require the services be put out for bid every five years.
The town has launched its search for an investment manager due to the impending contract expiration of its incumbent provider, which is allowed to rebid.
The plan is seeking domestic mid-cap value equity managers to handle a $25 million mandate and diverse-owned private equity managers for an up to $3 million commitment.