City University of New York on the lookout for OCIO for long-term investment pool

City University of New York is searching for a firm to provide outsourced CIO services for its $238 million long-term investment pool, said an RFP posted on a New York state procurement website.

The university is seeking a firm to advise “on investment policy, asset allocation strategy, manager selection with discretion from an open architecture (but subject to the investment policy statement and investment guidelines issued by CUNY), monitor the performance of the managers, prepare regular reports on the performance of the portfolio and perform other ad hoc services,” according to the RFP.

Information on a current OCIO or investment consultant could not be immediately learned. The long-term investment pool consists of both endowed and non-endowed funds, but a breakdown of those assets was not available.

Proposals are due at 2 p.m. EST on Feb. 28. Finalist presentations will take place in March and April. A hiring date was not provided.

The RFP announcement is available on a state procurement website. Registration is required to access the RFP.

Janet Krone, CUNY’s chief investment officer, could not be immediately reached to provide further information.