Capilano University, North Vancouver, British Columbia, is searching for an investment consultant for its C$28.9 million (US$27.9 million) long-term investment portfolio, which includes its C$6.6 million endowment, according to an RFP posted on BC Bid, the provincial procurement website.
The contract of current consultant Genus Capital Management expires Oct. 31, said Paul Gruber, the university’s manager-purchasing. Genus Capital can rebid.
Currently, the long-term portfolio’s target asset allocation is 50% fixed income, 30% Canadian equities and 20% non-Canadian stocks.
The RFP is available on BC Bid’s website.
Questions may be sent until Aug. 19 to Capilano University, Attn: Paul Gruber, Manager Purchasing, 2055 Purcell Way, North Vancouver, BC V7J 3H5, or via e-mail at [email protected]
Proposals must be mailed to the same address in care of the purchasing department. Fax, e-mail or other electronic submissions will not be accepted. Proposals are due at 2 p.m. PDT Aug. 22. A selection is expected before Oct. 28, and the selected consultant will begin on Nov. 1.