Nevada Higher Ed to seek manager of managers

Nevada Higher Education Tuition Trust Fund, Carson City, is seeking a manager of managers to run the fund’s $100 million in assets, according to Janice Wright, senior deputy treasurer for the state, which administers the fund. The contract of Government Investment Foundation, the current manager of managers, expires next month. The firm will be invited to rebid, and its contract may be extended until the new contract is implemented, likely on July 6, she said. The search is being handled internally; no consultant is assisting.