New Hampshire State Treasurer’s Office, Concord, is searching for investment managers for nine funds it oversees, which include several endowments and a college savings plan trust, said Rachel K. Miller, chief deputy state treasurer.
The treasurer’s office issued an RFP as a due diligence measure “to see what’s out there,” Ms. Miller said in a telephone interview. None of the three current managers — Citizens Wealth Management, Fidelity Investments and TD Wealth — has a contract in place, and all are invited to rebid.
The funds, which total $30 million in assets, include the $4 million College Savings Plan Trust, $3 million Community Conservation Endowment, and three Connecticut Lake Headwaters endowments, which total $5 million in assets.
The RFP is available on a state procurement website. Proposals are due at 4 p.m. EDT on Sept. 9. A final decision is expected by Nov. 12.
