Eastern Kentucky University scouting for investment consultant

Eastern Kentucky University Foundation, Richmond, is seeking an investment consultant for its $61 million endowment, said Barry D. Poynter, treasurer for the foundation.

The search is being conducted as a due diligence measure.

Incumbent Hirtle Callaghan & Co. can rebid. Mr. Poynter said that Hirtle Callaghan “sort of” served the role of an outsourced CIO and the RFP is for a potentially “more broad” investment consulting role.

The RFP is available here. Proposals are due by 2 p.m. EDT on Aug. 31. Finalist presentations will take place in October and a hiring decision is anticipated for November.