FIU Foundation goes with Cambridge Associates as consultant

Florida International University Foundation Inc., Miami, hired Cambridge Associates as investment consultant, confirmed Marisel Lieberman, assistant director, budgeting and investments.

The $208 million foundation issued an RFP in October 2012 as a due-diligence measure. The foundation's previous consultant Consulting Services Group rebid for the services, Ms. Lieberman said.

Other finalists were Commonfund, Gallagher Fiduciary Advisors, Hirtle Callaghan & Co., The Presidio Group and Wilshire Associates.