Mercer County Community College, West Windsor, N.J., hired PFM Asset Management as investment manager of its $5 million foundation, said Simone Kirchmyer, purchasing agent, in an e-mail.
The college issued an RFP in December and reissued it in April after rejecting all previous proposals at its March 20 meeting because of unclear bid specifications.
Morgan Stanley, the incumbent manager, did rebid for the services. Ms. Kirchmyer would not provide finalist information.
