University of Lethbridge scouting for new consultant

University of Lethbridge, Lethbridge, Alberta, is searching for an investment consultant for its C$150 million (US$154 million) investment portfolio, confirmed a financial services employee who did want to be named.

Incumbent API Asset Performance is invited to rebid. Endowment assets account for the majority of the portfolio, but a specific amount could not be learned by press time.

The consultant will provide “proactive advice on such matters as the investment structure, manager retention, asset mix and policy changes,” according to the RFP.

The RFP is available on the Alberta Purchasing Connection website, a provincial procurement site. Proposals are due at 3 p.m. MDT Sept. 21. A hiring decision is expected in December.