Brescia University College, London, Ontario, is searching for a discretionary investment manager to run the combined investment portfolios of the college and its foundation, confirmed Amy Walby, director of financial services.
Incumbent RBC PH&N Investment Counsel is invited to rebid. The contract is for five years beginning in July or August.
The combined portfolio size is about $6.5 million, including $4.2 million in the Brescia University College Foundation. The asset allocation is 50% equity, 48% fixed income and 2% cash, Ms. Walby said in an e-mail.
The RFP is available on the Canadian procurement website Merx at www.merx.com/English/SUPPLIER_Menu.Asp?WCE=Show&TAB=1&PORTAL=MERX&State=7&id=262275&src=osr&FED_ONLY=0&ACTION=&rowcount=&lastpage=&MoreResults=&PUBSORT=2&CLOSESORT=0&IS_SME=Y&hcode=T6AdgAWP29Lrkokp0FTu1Q%3d%3d. Proposals are due at 4:30 p.m. EST March 5. A hiring decision is expected by April 15.