The Alaska Community Foundation, Anchorage, issued an RFP for a general investment consultant, confirmed Kate Gerlek, chief financial officer.
The $55 million fund now has two firms that serve as consultants — Morgan Stanley Smith Barney for equities and Alaska Permanent Capital Management for fixed income — and is looking to consolidate to one, Ms. Gerlek said in a telephone interview. Both incumbents are invited to rebid.
Ms. Gerlek said the fund has “grown substantially in the last five years” and officials want to see what options are available.
A PDF copy of the RFP is available from the foundation's website.
Proposals must be returned to [email protected] by 4 p.m. AKDT May 15. A hiring decision is anticipated by the end of August.
The Alaska Community Foundation's asset allocation is 39% domestic equity; 21% international equity; 9% alternatives; and 30% domestic fixed income, according to the RFP. The RFP didn't account for 1% of the assets.