University of Utah, Salt Lake City, is searching for an investment consultant for its $900 million endowment, said an RFP on the university’s procurement website.
Additional information, including whether there is an incumbent consultant, could not be learned by press time.
The endowment has an asset allocation of 49% global public equities; 29% global fixed income; 8% hedge funds; 3% each to private equity, venture capital, private real estate and natural resources combined, and cash; and 2% “other non-marketable investments.”
The RFP is available on the university’s purchasing website. Proposals are due by 2 p.m. MST on Nov. 25. A hiring date was not disclosed. The contract is expected to start in the first quarter of 2015, the RFP said.
Mary Louise Hughes, purchasing manager, and Maria O’Mara, spokeswoman for the university, could not be reached for additional information by press time.