University of Kentucky, Lexington, is searching for a global tactical asset allocation manager to run about $43 million for its $1.1 billion endowment, according to an RFP posted on the university’s website.
The endowment has an 8% allocation to GTAA strategies. Pacific Investment Management Co. currently manages 4%, and the RFP is for the other 4%.
Investment consultant R.V. Kuhns & Associates is assisting.
The manager is expected to achieve returns net of fees greater than a blended benchmark of 60% MSCI World and 40% Barclays Global Aggregate Bond indexes.
The RFP is available on the university’s procurement website. Proposals are due at 3 p.m. EDT July 23. Semifinalist presentations are slated for the week of Aug. 12 and finalist presentations on Sept. 9.
Susan Krauss, assistant treasurer for investments, and Angela Martin, vice president of financial operations and treasurer, were not available for additional information.